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Economic news

China’s manufacturing activity declines for fifth month in Sept

09/29/2024

Less than a minute

2024.09.29 22:34

© Reuters. FILE PHOTO: A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory, in Hangzhou, Zhejiang province, China March 2, 2020. China Daily via REUTERS/File Photo

BEIJING (Reuters) – China’s manufacturing activity in September shrank for a fifth straight month, albeit at a slower pace than August, an official factory survey showed on Monday.

The official purchasing managers’ index (PMI) nudged up to 49.8 in September from 49.1 in August, still below the 50-mark separating growth from contraction but beating a median forecast of 49.5 in a Reuters poll.

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09/29/2024

Less than a minute