For September this year, the
China HSBC Flash
Manufacturing Purchasing Managers Index (PMI) climbed to a six-month high of 51.2, from August's final reading of 50.1. The flash Chinese
manufacturing output index for September rose to 51.1, as compared to the final value of 50.9 for August, the HSBC said. Meanwhile, the new export orders sub-index increased to its highest level in the most recent six months, rising to 50.8. "The higher reading of the September HSBC Flash
China Manufacturing PMI suggests a continuous recovery in the
manufacturing sector thanks to increasing investment and greater demand in the market," said Hong bin Qu, the HSBC's chief economist for
China. "A recovery of the economy is expected to be witnessed in the coming quarters," he added.