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Investing.com -- China’s factory activity improved in September, according to both official and private surveys, though the official reading still indicated contraction.
The official manufacturing purchasing managers index rose to 49.8 in September from 49.4 in August, the National Bureau of Statistics reported Tuesday. This exceeded economists’ expectations of 49.6 in a Wall Street Journal survey but remained below the 50 threshold that separates expansion from contraction for the sixth consecutive month.
The subindex for factory production increased to 51.9 from 50.8 in August. New orders edged up to 49.7 from 49.5, while new export orders improved to 47.8 from 47.2.
A private survey showed more positive results. The RatingDog China General Manufacturing PMI, compiled by S&P Global, rose to 51.2 in September from 50.5 in August, indicating expansion in the manufacturing sector.
Meanwhile, service activity in China eased following a summer travel boom, according to the data.
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