Moderate pace of output growth sustained in September Key points Flash China Manufacturing PMI™ at 50.5 in September (50.2 in August). Two-month high. Flash China Manufacturing Output Index at 51.8 in September (51.8 in August). Unchanged from August’s two-month low. “The HSBC China Manufacturing PMI rose to 50.5 in the flash reading for September, up from the final reading of 50.2 in August. The picture is mixed, with new orders and new export orders registering some improvement. Meanwhile, the employment index declined further and disinflationary pressure intensified. Economic activity in the manufacturing sector ... (full story)