China's Manufacturing Activity in September

BEIJING (Reuters) – China's manufacturing activity in September shrank for a fifth straight month, although at a slower pace than in August, as indicated by an official factory survey released on Monday.

The official purchasing managers' index (PMI) rose to 49.8 in September from 49.1 in August. Despite this increase, it remains below the 50-mark, which distinguishes growth from contraction. However, it surpassed the median forecast of 49.5 according to a Reuters poll.