The HSBC Flash PMI for September has just been released, with the index hitting a six-month high of 51.2 points, up from 50.1 points in August. A reading above 50 points indicates the sector is expanding.
Moreover, the improvement was across the board:
According to HSBC:
“The HSBC Flash China Manufacturing PMI rose to a six-month high in September, adding further evidence to China’s ongoing growth rebound. The firmer footing was supported by simultaneous improvements of external and domestic demand conditions. We expect a more sustained recovery as the further filtering-through of fine-tuning measures should lift domestic demand. This will create more favourable conditions to push forward reforms, which should in turn boost mid- and long-term growth outlooks.”
Press release below.