China Manufacturing Pmi

The Caixin China General Manufacturing PMI rose to 50.0 in September 2021 from 49.2 in the prior month and beating market estimates of 49.5. New orders rose for the first time in three months and buying levels returned to growth while output fell at a softer rate. Meantime, exports sales continued to fall while employment dropped for the second straight month and at a steeper pace. On the cost side, inflationary pressure surged with input prices rising the most in four months, its 16th straight month of increase, amid reports of greater energy and raw material costs. This in turn led to a solid increase in prices charged. Looking forward, sentiment strengthened to its highest since June, underpinned by forecasts of an end to the pandemic, planned company expansions, rising customer demand, and new product launches.