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NBS: China’s Sept manufacturing PMI recovers to 49.8

China’s Purchasing Managers’ Index (PMI) for the manufacturing industry rebounded 0.3 basis point on month to 49.8 for September, as situation both in domestic market and exports improved marginally, according to the latest release from China’s National Bureau (NBS) of Statistics on September 30.
“For September, domestic supply and demand in (manufacturing sector) improved... Foreign trade changed for the better... All large-, medium- and small-sized enterprises saw their operations progress,”Zhao Qinghe, NBS’ senior statistician summarized. Among the positive signs, the sub-index for new orders in general recovered by 0.8 basis pointon monthto 50.8, or the

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