HSBC's China PMI for Sept lower than flash estimate
Despite a pick-up in export orders, domestic demand remains unchanged
HSBC's final China purchasing managers' index came in substantially lower than the forecast published a week ago.
September PMI was 50.2 points, a touch higher than the August figure and lower by nearly one point compared to the flash PMI released earlier. A reading above 50 indicates expanding activity and one below signals contraction.
Though the index expanded for a second consecutive month after hitting an 11-month low last July, many analysts have warned that the much-trumpeted rebound might not continue into next year as China still needs to reform major sectors of the economy and move to a more sustainable growth model.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
BT subscribers can now share 5 premium articles a month with unlimited number of non-subscribers
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story
Hot stock: Nanofilm jumps 13.1% amid heavy trading on improved Q1 results