The RatingDog China General Manufacturing PMI rose to 51.2 in September 2025, surpassing both August’s 50.5 and the market consensus of 50.3. This marked the highest reading since March, matching the level seen that month. Output grew at the fastest pace in three months, while new export orders rose for the first time in six months. Additionally, new business expanded at the quickest rate since February. As a result, purchasing activity increased solidly, with the rate of growth the fastest seen since last November. Meanwhile, employment declined amid concerns over costs. Supply conditions improved, highlighted by the first reduction in average lead times in seven months. On prices, input cost inflation accelerated to a 10-month high, driven by higher metal prices. However, selling prices fell slightly amid strong competition. Looking ahead, business sentiment improved amid hopes of rising sales and production, supported by business development efforts and government policies.
作者：Chusnul Chotimah，文章来源tradingeconomics，版权归原作者所有，如有侵权请联系本人删除。
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