China factory activity shrinks for a sixth month in September, PMI shows


An employee at a company manufacturing lithium batteries in Huaibei, in eastern China’s Anhui province. — AFP

BEIJING: China's manufacturing activity shrank for a sixth month in September, an official survey showed on Tuesday, suggesting producers are waiting for further stimulus to boost domestic demand, as well as clarity on a U.S. trade deal.

The official purchasing managers' index (PMI) rose to 49.8 in September versus 49.4 in August, below the 50-mark separating growth from contraction, but beating a median forecast of 49.6 in a Reuters poll.

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