China’s official manufacturing PMI rose to 50.1 in September from 49.8 in August, returning to growth after two months of contraction. The non-manufacturing PMI increased to 50.2 from 49.0.
China’s factory activity returned to growth in September as easing weather disruptions allowed factories to resume operations and a global artificial intelligence boom supported the industrial sector. The official manufacturing PMI rose to 50.1 from 49.8 in August, matching the median forecast in a poll; readings above 50 indicate expansion. New orders registered 50.5 and production 51.7.
The non-manufacturing PMI, covering services and construction, rose to 50.2 from 49.0. China unveiled measures on Tuesday to steer cheaper credit to sectors including infrastructure and technology and expand support for home buyers. Weak retail sales and investment, a prolonged property downturn, and trade frictions remain concerns; China and the United States said they would pursue tariff cuts on $60 billion of goods imported from each other.
