China's HSBC PMI 1 bp below flash reading, hold just above 50.00

FXstreet.com (Barcelona) - China's HSBC Manufacturing PMI for the month of September - final reading - came at 50.2 vs 51.2 at the preliminary release and broadly unchanged from 50.1 in August.

Commenting on the China Manufacturing PMI™ survey, Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC said:“The September HSBC China Manufacturing PMI edged up slightly from August. New orders remained flat from the previous month, while external demand improved. Manufacturers restocking process continued but remained relatively slow. Growth is bottoming out on Beijing’s mini-stimulus. We expect continuous policy efforts to sustain the recovery.”