China manufacturing conditions improve modestly in September

HONG KONG – The HSBC Flash China Manufacturing PMI has come in at 51.2 (50.1 in August), a six-month high, and the Flash China Manufacturing Output Index at 51.1 (50.9 in August), a five-month high. The survey showed that both new orders and new export orders increased at a faster rate, as did both input and output prices.

 Hongbin Qu, HSBC Chief Economist, China & Co- Head of Asian Economic Research,said the figures added further evidence to China’s ongoing growth rebound. “The firmer footing was supported by simultaneous improvements of external and domestic demand conditions,” he said. “ We expect a more sustained recovery as the further filtering-through of fine-tuning measures should lift domestic demand. This will create more favourable conditions to push forward reforms, which should in turn boost mid- and long-term growth outlooks.” www.hsbc.com (ATI).