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China manufacturing

China's official PMI returns to growth in September as input costs climb

The official manufacturing PMI rose to 50.1 in September, back above the 50 line, and the RatingDog PMI hit a five-month high of 52.1. Input price measures in both surveys rose sharply.

China manufacturing

The NBS PMI rose 0.3 points to 50.1. Production climbed to 51.7 and new orders held at 50.5. The consumer goods index stood at 50.7 and small firms improved to 48.9. Huo Lihui of the NBS Service Industry Survey Center cited continued expansion in production and demand.

Price pressure built further. The raw material purchase price index rose to 60.8 from 56.6, and the factory selling price index to 54.0 from 50.4.

Both surveys came out on 30 September, ahead of Golden Week. The RatingDog PMI rose to 52.1 from 51.5. New export orders grew at the strongest rate since February. Input cost inflation hit a four-month high on metals and oil, firms raised selling prices slightly, and some clients were building safety stocks.

Sources

A summary of the public sources above, checked when it was published. General information, not legal, tax or financial advice.

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