Print Edition - 2017-10-03  |  Money Digest

China factory activity rises to 5-year high

- - AP, HONG KONG

Oct 3, 2017-

An official survey released Saturday said that China’s factory activity expanded in September at the fastest pace in five years, as the country’s vital manufacturing sector stepped up production to meet strong demand. The official manufacturing purchasing managers’ index rose to 52.4 in September, up from 51.7 in the previous month and the highest level since April 2012.The report by the Federation of Logistics & Purchasing said production, new export orders and overall new orders grew at a faster pace for the month. “The manufacturing sector continues to maintain a steady development trend and the pace is accelerating,” said Zhao Qinghe, senior statistician at the National Bureau of Statistics, which released the data. Zhao noted that the report found both domestic and global demand have improved. 

Published: 03-10-2017 08:38

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