China manufacturing PMI hits five-month high in September as production and new orders accelerate, private survey shows

The story

China's manufacturing PMI for September, compiled by S&P Global, came in at 52.1, up from 51.5 in August. Although it was below 60, it remained above 50, the threshold indicating expansion, and reached a 5-month high.

The index also exceeded the market forecast of 51.6, suggesting that manufacturing conditions are improving. Both production and new orders were reported to have accelerated.

At a glance

MetricSeptember PMI 52.1, up from 51.5 in August

LevelAbove 50 and at a 5-month high

Market trendProduction and new orders both accelerated

ForecastExceeded the market forecast of 51.6

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