TeleTrade - Analytics


    690.50 6.50/10
    81% of positive reviews

    01.10.2015 08:59 Final Chinese Markit/Caixin manufacturing PMI falls to 47.2 in September

    The final Chinese Markit/Caixin manufacturing PMI declined to 47.2 in September from 47.3 in August, beating the preliminary reading of a fall to 47.0. It was the lowest level since March 2009.



    "The industry has reached a crucial stage in its structural transformation. Tepid demand is a main factor behind the oversupply of manufacturing and why it has not recovered," Dr. He Fan, Chief Economist at Caixin Insight Group, said.



    The Caixin/Markit Services Purchasing Managers' Index (PMI) for China dropped to 50.5 in September from 51.5 in August, missing expectations for a decrease to 51.2.



    "The employment category improved markedly, pointing to the continued strength of the service sector in creating jobs," Dr. He Fan said.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree