China has released its official PMI and it showed that things are not at least getting worse any faster, coming in at 49.8. Output was up marginally to 52.3 and new orders also expanded slightly at 50.2. New export orders remained in contraction at 47.9:
Non-manufacturing was stable at 53.4. The Caixin services PMI for September was 50.5 down from 51.54.
Nothing flash in either but may be enough to kick the dead cat along a little.
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