China official PMIs for September: Manufacturing 49.6 (expected 50.1)

China’s National Bureau of Statistics official PMIs

Manufacturing 49.6 … Reuters posting an early release

  • expected 50.1, prior 50.1
  • into contraction for the first tie since February 2020 … wow …. this is not good.

Non-manufacturing 53.2

  • expected 52.7, prior 47.5

Composite 51.7

  • prior 48.9

more to come

Still to come:

0145 GMT China Caixin/Markit Manufacturing PMI for September

  • expected 49.5, prior 49.2
ps. I posted earlier it was a holiday in China today … too soon! The holiday is Friday (& through to October 7).