China manufacturing maintains moderate output growth in September

HONG KONG – HSBC’s Flash China Manufacturing PMI has come in at 50.5 for September, up from 50.2 in August) at a two-month high. The Flash China Manufacturing Output Index was at 51.8 in September, unchanged from August’s two-month low.

The PMIs showed both new orders and new export orders increasing at a faster rate, while both inut and output prices decreased, at a slower rate. Supplier delivery times are lengthening.

Hongbin Qu, Chief Economist, China & Co- Head of Asian Economic Research at HSBC, said that while the picture is midex, overall data still points to modest expansion. “The property downturn remains the biggest downside risk to growth,” he said. “We continue to expect more monetary easing from the PBoC in order to steady the recovery.” www.hsbc.com (ATI).