China’s manufacturing sector continued to expand in September, albeit barely, the latest survey from HSBC revealed on Tuesday with a PMI reading of 50.2.
That was unchanged from the August reading, although it was down from the flash estimate of 50.5 earlier this month.
A reading above 50 means expansion in a sector, while a score below signals contraction.
Among the individual components of the survey, output growth eased further from July’s 16-month high, while new export business expanded at fastest rate since March 2010.
The material has been provided by InstaForex Company – www.instaforex.com