China’s PMI in Sept reaches peak since 2012

China's manufacturing sector in September expanded at the fastest pace in more than five years, adding to strong economic resilience against headwinds, the National Bureau of Statistics (NBS) said Saturday.

The country's manufacturing purchasing managers' index (PMI) for this month came in at 52.4, up from 51.7 in August and hitting the highest level since May 2012, according to NBS data.

A reading above 50 indicates expansion, while a reading below reflects contraction.

"The indicator showed a steady upward trend in the manufacturing sector," NBS statistician Zhao Qinghe said, attributing the quickened expansion mainly to improving demand at both home and broad and booming high-tech industries.

Robust consumption in food, beverage and clothing ahead of an eight-day National Day and Mid Autumn Festival holiday period also contributed to the performance, Zhao said.

Saturday's data also showed that China's non-manufacturing sector grew at the fastest pace since June 2014 in September, with its PMI standing at 55.4, up from 53.4 in August.

(ASIA PACIFIC DAILY& CGTN)