China manufacturing data shows small rebound in September

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Factory activity in China improved slightly in September, according to official data published Wednesday, showing a small rebound in the economy ...

The closely watched Purchasing Managers' Index is a key gauge of manufacturing activity in the world's second-largest economy AFP/STRBEIJING: Factory activity in China improved slightly in September, according to official data published on Wednesday , showing a small rebound in the economy ahead of the week-long National Day public holiday.

Zhao Qinghe, a senior statistician at the National Bureau of Statistics , said that this month's figures, with increases in several key indices, demonstrated a"steady recovery" and a pre-holiday consumption boom. "We also see that, although overall manufacturing demand has increased, industrial recovery is uneven... the global pandemic has not been fully and effectively controlled, and there are still uncertain factors in China's imports and exports," he said.In February, the index plunged to 35.7 points after the coronavirus brought much of China to a standstill.

 

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