Remarkable Sept. expansion of output in Chinese manufacturin...| MENAFN.COM

Friday, 21 January 2022 04:37 GMT

Remarkable Sept. expansion of output in Chinese manufacturing and services


(MENAFN) The HSBC China Composite PMI data, which include both manufacturing and service sectors in the country, posted a remarkable expansion of output in September, and the rate of expansion remained modest, Xinhuanet reported Manufacturers registered a further increase in order book volumes last month; however, the rate of increase remained stable from August's marginal pace. Employment levels at Chinese manufacturers declined for the second quarter in September; however the rate of job shedding was moderate and broadly unchangeable from August. Compared to the increased staffing levels at service providers. Service sector firms operating in China expected a higher activity level in one year's time. However, the degree of positive sentiment was the second-weakest in the series history.


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