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China's PMI contracted for the third month in a row

Production continues to slow down in the East – The crisis in Europe and America casts a shadow on Chinese production which, for the third month, takes a step back.

China's PMI contracted for the third month in a row

Manufacturing activity in China continues to contract. This was revealed by the Hbsc banking group, underlining that the third consecutive decrease was recorded in September.

The PMI index fell to 49,4, against 49,9 in August. The indicator remains below 50, the threshold between production contraction and expansion. The weakening of the foreign market and of exports weigh above all. The data, in any case, will have to be revised on October XNUMXst, when the Asian giant will publish the official statistical research.

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