Statistics

China's PMI of manufacturing sector jumps to 53.8% in Sept

(Xinhua)
Updated: 2010-10-01 10:09

BEIJING - The Purchasing Managers Index (PMI) of China's manufacturing sector rose to 53.8 percent in September, up 2.1 percentage points from August, the China Federation of Logistics and Purchasing (CFLP) said on October 1.

Related readings:  Seasonality a major factor in mainland's PMI rebound  Rebound in mainland PMI gives investors renewed hope  China's PMI of manufacturing sector rises to 51.7% in Aug  PMI fall points to economic growth slowdown

The reading of the September index was the highest since May and marked the 19th consecutive months that the index was above the boom-bust line of 50 percent.

The PMI includes a package of indices to measure performance of the country's manufacturing sector. A reading above 50 percent indicates economic expansion, while that below 50 percent indicates contraction.

According to the CFLP, nine of the 11 sub-indices, including production, new orders increased in September compared with August.