The manufacturing purchasing managers’ index (PMI), released by the National Bureau of Statistics (NBS) on Monday, was 49.8 in September up from 49.5 in August and above a survey of analysts by Bloomberg, the median forecast of which was 49.6. Photo: AFP

China’s manufacturing remained weak in September as activity contracted for fifth straight month, data shows

  • The manufacturing purchasing managers’ index (PMI), released by the National Bureau of Statistics (NBS) on Monday, was 49.8
  • Non-manufacturing PMI came in at 53.7, below analysts’ expectations of a 53.9 reading. The figure was also down from August’s 53.8
Topic |   China economy

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The manufacturing purchasing managers’ index (PMI), released by the National Bureau of Statistics (NBS) on Monday, was 49.8 in September up from 49.5 in August and above a survey of analysts by Bloomberg, the median forecast of which was 49.6. Photo: AFP
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Car manufacturing profits in China declined 19 per cent between January and August. Photo: Xinhua

China’s industrial profits contract in August as economy battles slow growth amid trade war with US

  • Profits at China’s large industrial firms fell 2 per cent in August, with a year-to-date decline of 1.7 per cent
  • The National Bureau of Statistics blamed slowing sales, a drop in product prices and super typhoons that impacted manufacturing
Topic |   China economy

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Car manufacturing profits in China declined 19 per cent between January and August. Photo: Xinhua
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