ZCZC
BCN-09
CHINA-ECONOMY-MANUFACTURING
Global manufacturing PMI drops in September
BEIJING, Oct. 7, 2018 (BSS/Xinhua) – The world’s manufacturing sector
expanded at a slower pace in September mainly due to dropping global
investment and trade, a Chinese association said Saturday.
The global manufacturing purchasing managers’ index (PMI) came in at 54.3
in September, down 0.7 points from August and down 1.6 points from a year
ago, the China Federation of Logistics and Purchasing said in a statement.
A reading above 50 indicates expansion, while a reading below reflects
contraction.
“The world’s manufacturing sector continued to see relatively fast growth,
but the pace of growth has slowed quarter by quarter,” the federation said.
In the third quarter of 2018, global manufacturing PMI averaged at 54.5,
down from 54.7 in Q2 and 55.7 in Q1, the statement said.
BSS/XINHUA/HR/1015