PMI in Chinese manufacturing in September accelerated to 52.4 per item

© RIA Novosti / Alexander Demyanchuka in photobacteria yuan. Archival photoPMI in Chinese manufacturing in September accelerated to 52.4 per item© RIA Novosti / Alexander Demyanchuka the image Bank

The purchasing managers ‘ index (PMI) in the industrial sector of China’s economy in September accelerated to 52.4 points, were better than expert expectations, according to which the data of the state statistical Bureau of China.

The September reading was above expectations of analysts, who had forecast a slight slowdown in the index to 51.6 points from 51.7 in August.

Hostetler, notes that the Chinese manufacturing sector continues to remain stable and has a good development trend.

The value of the index above 50 indicates expansion, below — its decline.

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