A China manufacturing index hit its highest level in six months on Monday, offering the first important measure of how the country’s economy performed in September and showing that a tentative reacceleration has continued as government support and firmer demand for Chinese exports have gained traction.
The HSBC manufacturing purchasing managers index — a survey that takes the temperature of China’s important factory sector — rose to 51.2 in September, from 50.1, topping analysts’ expectations.
Readings above 50 indicate expansion, so the September figure provided more evidence that the Chinese manufacturing sector is growing again after several months of contraction, while the economy as a whole has stopped decelerating.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015