A employee checks a completed automobile on the manufacturing line for electrical automobile maker Zeekr at its manufacturing facility on May 29, 2025 in Ningbo, China.
Kevin Frayer | Getty Images News | Getty Images
China’s official gauge for manufacturing activity confirmed a smaller-than-expected contraction in September as Beijing intensified its efforts geared toward curbing industrial overcapacity amid sluggish home demand and international commerce disruptions.
The Manufacturing Purchasing Managers’ Index got here in at 49.8, knowledge from the National Bureau of Statistics confirmed, in contrast with expectations for 49.6, in line with a Reuters ballot. That studying, whereas still in contraction, was the strongest since March.
China’s official manufacturing PMI has stayed under the 50-benchmark separating development from contraction since April as producers have grappled with tepid home demand, exacerbated by greater U.S. tariffs which have hit Beijing’s exports to the world’s largest shopper market.
Private surveyor RatingDog’s manufacturing buying managers’ index got here in at 51.2 for September, beating economists’ forecast for 50.2 in a Reuters ballot, marking its highest degree since May.
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