China September HSBC flash PMI edges up to 50.5

Image
Reuters BEIJING
Last Updated : Sep 23 2014 | 9:55 AM IST

BEIJING(Reuters) - China's manufacturing sector expanded at a slightly faster pace in September even as employment fell to a 5-1/2-year low, a preliminary HSBC survey showed on Tuesday.

The HSBC/Markit Flash China Purchasing Managers' Index (PMI) rose to 50.5 in September from August's final reading of 50.2, beating a Reuters poll forecast of 50.

The 50-point level separates growth in activity from contraction.

The employment sub-index fell to 46.9, a low not seen since February 2009.

A hefty drop in employment could raise alarm bells for the Chinese government, which has indicated it will tolerate slower economic growth as long as employment is not affected.

Other sub-indices fared better.

New export orders climbed to a 4-1/2-year high while the new orders sub-index also rose to stand comfortabably above 50.

The final Markit/HSBC manufacturing PMI for September is due Sept. 30.

(Reporting By Jake Spring; Editing by Kim Coghill)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 23 2014 | 9:45 AM IST

Next Story