Flash China Manufacturing PMI™ at 47.8 (47.6 in August). 2-month high.
Flash China Manufacturing Output Index at 47.0 (48.2 in August). 10-month low.
Manufacturing activity in China stabilised in September after hitting a nine-month low in August, even though output dipped to its lowest level in 10 months, a survey of factory managers showed on Today s report.
But while the economy may not have worsened in September, there were few signs of a fast turnaround. Rather, the PMI, which provides the first glimpse of September's conditions for Chinese industry, seems to point to a month in which a slide was halted, but not reversed.
China made a series of measures last week to help export growth stabalization including faster payment of export tax rebates and boosting loans to exporters.
The HSBC Flash China Manufacturing Purchasing Managers’ Index (PMI) is published on a monthly basis approximately one week before final PMI data are released, making the HSBC PMI the earliest available indicator of manufacturing sector operating conditions in China. The Rating Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final.
The Flash release, which the source is the earliest reported and it have the most impact on markets.
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