China September factory activity expands marginally as orders edge up - Caixin PMI
China's factory activity expanded in September as domestic and export orders picked up but the improvement was marginal and manufacturers continued to shed jobs, a private business survey showed on Friday.
The Caixin/Markit Manufacturing Purchasing Managers' index (PMI) rose to 50.1, in line with analysts' forecasts and slightly higher than August's no-change mark of 50.0, which separates expansion of activity from contraction on a monthly basis.
The reading has bounced around the neutral 50 level for the best part of five years, pointing to stubbornly sluggish demand.
Output expanded in... read more
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