From The Star Online:
Business conditions within the Chinese manufacturing sector deteriorated for a second consecutive month in September, according to the latest survey data from CLSA Asia Pacific Markets.
The headline purchasing managers index (PMI) recorded 47.7, down from 49.2 in August, to record a new survey record low, it said in a report issued on Thursday.
The PMI is a composite index designed to provide a snapshot of overall conditions in the manufacturing economy, with any reading below 50.0 indicating a deterioration compared to the previous month.
September’s survey indicated that Chinese manufacturing output contracted at a robust rate for the second successive month.
