中国九月份制造业指标不错！

CHINA ECONOMY

A private survey shows China’s manufacturing activity expanded more than expected in September

PUBLISHED AN HOUR AGOUPDATED 35 MIN AGO

 

Yen Nee Lee@YENNEE_LEE

KEY POINTS

• China released its official Purchasing Managers’ Index for September on Monday.
• A private survey of China’s manufacturing activity, the Caixin/Markit factory Purchasing Managers’ Index (PMI), was also release on Monday.

 

Workers sewing shoes at a factory in Qingdao in China’s eastern Shandong province.

AFP | Getty Images

Two widely watched indicators on China’smanufacturing activity were released on Monday.

A private survey of China’s manufacturing activity, the Caixin/Markit factory Purchasing Managers’ Index (PMI), was 51.4 for September. Analysts polled by Reuters had expected the data to come in at 50.2 for September, down slightly from 50.4 in August. 

That followed the release of the official Purchasing Managers’ Index (PMI), which was 49.8 in September — slightly exceeding the 49.5 that analysts polled by Reuters had expected. The official PMI data came in at 49.5 in August.

PMI readings above 50 indicate expansion, while those below that level signal contraction.

The official PMI survey typically polls a large proportion of big businesses and state-owned enterprises. The Caixin indicator features a bigger mix of small- and medium-sized firms.

Cedric Chehab, global head of country risk at Fitch Solutions, told CNBC’s “Street Signs Asia” that the latest official PMI reading “continues to show that the Chinese economy is going through both a structural and a cyclical slowdown, particularly in the manufacturing sector which is being hit by various headwinds,” 

Challenges faced by the country’s manufacturers include a tightening of financing conditions domestically and the U.S.-China trade war, he added.

The PMI is a survey of how businesses view the operating environment. Such data offer a first glimpse into what’s happening in an economy, as they are usually among the first major economic indicators released each month.

The China PMI is closely watched by global investors for signs of trouble amid a domestic economic slowdown and the ongoing U.S.-China trade dispute.