China manufacturing index reveals weaker performance

09/30/2013 | Bloomberg

A final reading on China's manufacturing in September surprised on the downside, with the HSBC Purchasing Managers' Index from HSBC Holdings and Markit Economics coming in at a revised 50.2, scarcely improving on August's 50.1. Any reading above 50 indicates an expansion. Commenting on the discrepancy with the preliminary 51.2 reading for September released earlier, UBS economist Wang Tao said, "It is possible that activities weakened in the last 10 days of the month. This also brings focus on the release of the official PMI tomorrow."

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