Private survey PMIs from Caixin / Markit

Caixin Services PMI 50.6

  • prior 52.7
  • September result is a 21 month low

Composite 51.4

  • prior 52.4
  • 3 month low
  • slowdown was driven by weaker increases in output at both manufacturing and services companies

Commenting on the China General Services PMI™ data, Dr. Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group said:

  • Although new business rose at a slower rate last month than in August, input costs and prices charged both increased.
  • The Chinese economy generally held up well in the third quarter. However, the expansion in both manufacturing and services cooled in September, suggesting downward pressure on economic growth may re-emerge in the fourth quarter.

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Earlier for September PMIs:

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AUD a touch weaker after the data