Beijing, October 01, 2023, China's manufacturing sector rebounded in September, with a Purchasing Managers' Index (PMI) of 50.2, marking its return to the expansion zone, as reported by the National Bureau of Statistics (NBS) data cited by Xinhua News Agency. A PMI reading above 50 signifies growth, while below 50 indicates contraction.
This marks the first time since April that China's manufacturing sector PMI has surpassed 50, following four consecutive months of expansion. Among the 21 surveyed industries, 11 reported growth in September.
Additionally, the non-manufacturing PMI for September reached 51.7, surpassing the crucial threshold for expansion. China's composite PMI, reflecting overall production across manufacturing and non-manufacturing enterprises, registered 52 in September, signaling continued expansion.
