China flash HSBC PMI to 6-month High

China’s manufacturing sector picked up further steam in September, a preliminary survey of factory managers showed on Monday.

The HSBC flash manufacturing Purchasing Managers’ Index (PMI) hit a six-month high of 51.2, from a final reading of 50.1 in August, moving further above the key 50 mark that divides expanding activity in the sector from a contraction.

The improvement in HSBC’s manufacturing survey – which is weighted towards small and medium-sized companies – follows a jump in the official PMI reading to 51.0 in August from 50.3 in July.


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