China RatingDog Composite PMI Rises to 15-Month High

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The RatingDog China General Composite PMI rose to 52.5 in September 2025 from 51.9 in the previous month, marking the highest reading since June 2024. It represented the fourth consecutive month of private sector growth, supported by broad-based gains in both manufacturing and services. Total new orders accelerated, driven in part by a renewed rise in exports. However, companies remained cautious on hiring amid cost concerns. Simultaneously, the volume of outstanding business increased further. On prices, input cost inflation rose slightly from August, while average output prices fell marginally. Lastly, business sentiment improved across both sectors, reflecting cautious optimism among businesses.

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