(IHS Markit) China’s manufacturing conditions stabilized in September, with the adjusted PMI rising to 50 from 49.2 in August. The index was at the second-lowest in 17 months.
Fig: China General Manufacturing PMI
Material shortages and low supply kept manufacturing conditions unchanged. Production eased to a marginal pace for the second month in a row.
The rate of employment dropped for the second consecutive time in September as manufacturers remained cautious in hiring new staff.
Inflationary pressure surged the highest in four months in its 16th month of an upward trend. Output inflation hit the highest rate in three months.
Businesses remain optimistic. With the output expectations index back to its long-term average driven by the increasing consumer demand and the containment of Covid-19.
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