ForeignInfluence
Sep 30, 8:49 AM
$JZXN China Factory Growth Returns to Positive, driven by growth in demand!
"China’s official NBS Manufacturing PMI rose to 50.1 in Sep 2026 from 49.8 in Aug, in line with market expectations. It was the first expansion in factory activity since Jun, driven by continued growth in demand. Output growth accelerated to a nine-month high (51.7 vs 50.4 in Aug), while new orders continued to increase, though at a slightly slower pace (50.5 vs 50.6). Meanwhile, employment continued to decline (48.4 vs 48.7). Raw material inventories continued to decline (48.2 vs. 48.1), while supplier delivery times were steady at 50.1. Meanwhile, foreign orders continued to decline (49.2 vs. 48.6), while purchasing activity rose at a faster pace (51.0 vs 50.5). Price pressures intensified, with both input costs (60.8 vs 56.6) and output prices (54.0 vs 50.4) accelerating to 5-month highs. Finally, business sentiment remained at a 5-month low (53.8), suggesting that firms remained cautious about the near-term.
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