China’s Caixin Manufacturing PMI eases to 53.0 in September vs. 53.1 expected

China’s manufacturing activity stalled its rapid expansion in September, as the economy recovered further from the fallout of the COVID-19 pandemic.

China’s Caixin Manufacturing PMI to 53.0 in September vs. 53.1 expected and 53.1 booked in August.                                                     

In August, the gauge hit a high unseen since the start of 2011 and remaining in expansionary territory for the fourth month in a row.