Last updated on October 9, 2023
According to a recent private-sector survey, China’s factory activity experienced a slower expansion in September. Despite an increase in output, the sluggish external demand has dampened the outlook for the country’s manufacturing sector.
The survey revealed that the Purchasing Managers’ Index (PMI) for Chinese factories dropped to 50.8 in September, down from 51.0 in August. While a reading above 50 indicates expansion, the lower PMI suggests a slightly decelerated growth rate. The moderation in factory activity is primarily attributed to the weakened demand from overseas markets, including the ongoing effects of the global pandemic.
Keyphrases: China, factory activity, slower pace, private-sector survey, sluggish external demand, output increased, manufacturing sector, Purchasing Managers’ Index (PMI), decelerated growth rate, weakened demand, global pandemic.
Hashtags: #ChinaEconomy #FactoryActivity #PrivateSectorSurvey #ExternalDemand #OutputIncrease #ManufacturingSector #PurchasingManagersIndex #GlobalPandemic
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