China Caixin manufacturing PMI rebounds in Sept
Updated: 2016-09-30 10:44
A worker welds at a construction site in Yiliang, Yunnan province, February 28, 2015.[Photo/Agencies]
BEIJING - The Caixin General China Manufacturing Purchasing Managers' Index (PMI), an indicator of manufacturing activity, rebounded slightly to 50.1 in September from 50 in August, a private survey showed Friday.
A reading above 50 indicates expansion, while a reading below 50 represents contraction.
The reading indicates the economy is stabilizing, according to the survey conducted by financial information service provider Markit and sponsored by Caixin Media Co Ltd.