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September 2020 official Caixin manufacturing PMI

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An employee works on the production line of a textile factory on September 12, 2020 in Huai’an, Jiangsu Province of China.

Zhou Changguo | Visual China Group | Getty Images

China on Wednesday announced that manufacturing activity expanded in the month of September as the world’s second largest economy continued to show signs of recovery from the coronavirus pandemic.

The official manufacturing Purchasing Manager’s Index (PMI) for the month of September came in at 51.5 as compared to 51.0 in August, according to the National Bureau of Statistics.

Analysts polled by Reuters had expected the official manufacturing PMI to come in at 51.2 in September.

PMI readings above 50 indicate expansion,…



Source cnbc.com

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