September PMIs: manufacturing 50.1 (up 0.3 ppt MoM), non-manufacturing business
activity 50.2 (up 1.2 ppt MoM), composite output 50.7 (up 1.2 ppt MoM),
signalling a modest pickup in economic activity. Manufacturing production index
51.7 (up 1.3 ppt MoM); manufacturing new orders 50.5 (down 0.1 ppt MoM); both
above the 50 expansion threshold. Agricultural and food processing and
pharmaceuticals industries have production and new-orders indices above 55.0,
indicating rapid release of output and demand. Chemical raw materials & chemical
products and ferrous-metal smelting and rolling sectors have production and
new-orders indices remaining below 50. Raw-materials purchasing index 51.0 (up
0.5 ppt MoM), reflecting increased procurement to meet production needs.