CHINAEUROPE AFRICAASIA 中文双语Français
Business\Economy

China's manufacturing activity continues to pick up in September

Xinhua | Updated: 2017-09-30 10:44

China's manufacturing activity continues to pick up in September

Workers on a motor vehicle production line at a factory in Qinzhou, Guangxi Zhuang autonomous region. [Photo provided to China Daily]

BEIJING — China's manufacturing sector in September expanded at the fastest pace in more than five years, adding to strong economic resilience against headwinds, the National Bureau of Statistics (NBS) said Saturday.

The country's manufacturing purchasing managers' index (PMI) for this month came in at 52.4, up from 51.7 in August and hitting the highest level since May 2012, according to NBS data.

A reading above 50 indicates expansion, while a reading below reflects contraction.

"The indicator showed a steady upward trend in the manufacturing sector," NBS statistician Zhao Qinghe said, attributing the quickened expansion mainly to improving demand at both home and broad and booming high-tech industries.

Robust consumption in food, beverage and clothing ahead of an eight-day National Day and Mid Autumn Festival holiday period also contributed to the performance, Zhao said.

Saturday's data also showed that China's non-manufacturing sector grew at the fastest pace since June 2014 in September, with its PMI standing at 55.4, up from 53.4 in August.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US