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China September official PMI rises, but below forecast

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China's manufacturing activity sped up in September from the previous month, but still fell short of forecasts, official data showed on Tuesday.

The official Purchasing Managers' Index rose to 51.1 in September, below a Reuters forecast of 51.5, but still a tad higher than 51.0 in August.

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

Chinese factories have sent mixed signals on the extent of their latest rebound. A separate manufacturing PMI issued by HSBC on Monday showed manufacturing grew less than expected last month on soft domestic demand.

Markets broadly shrugged the news. The Australia dollar, a currency sensitive to Chinese data, was barely changed after the data.

Chinese markets were closed for its annual weeklong Golden Week holidays which started on Tuesday.


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