A private survey released on September 30 showed that the RatingDog China Manufacturing PMI, compiled by S&P Global, rose to 52.1 in September from 51.5 in August, beating market expectations of 51.6. The September manufacturing reading was the strongest expansion since April, driven by rising demand both at home and abroad, with export sales growing at their fastest pace in seven months. Meanwhile, the RatingDog China Services PMI rose to 51.6 in September from 51.4 in August, above market expectations of 51.1 and marking its highest level since June, supported by strong growth in new orders and the first acceleration in new export business in three months. The private data echoed a report from China's National Bureau of Statistics, which showed the manufacturing PMI rising to 50.1 in September from 49.8 in August, in line with analysts' expectations of 50.1. The non-manufacturing PMI, which covers services and construction, rose to 50.2 in September from 49 in August, as services activity improved and construction activity surged to its highest level this year. A reading above 50 indicates expansion in both China's manufacturing and services sectors.
S&P Global Inc