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Economy

China Purchasing Managers’ Index (PMI) Dips in September

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By Douglas A. McIntyre Updated Published
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China Purchasing Managers’ Index (PMI) Dips in September

© China Photos / Getty Images

China’s Purchasing Managers’ Index (PMI) dipped in September, below the number posted in the several months prior. The data were released by the National Bureau of Statistics

The September figure was 50.8, down from 51.3 in August, 51.2, in July, and 51.5 in June. A number of 50 means that the PMI is rising. Under 50, means the measure is contracting.

It is open to interpretation as to whether the slowdown is due to coming tariffs which could affect as much has $250 billon in trade goods between the U.S. and China.

More important is the measure from October through the end of the year. As the world’s largest manufacturer, particularly for goods sold in the U.S., if the trade war bites, the PMI will drop below 50, and a portion of China’s economy will be in trouble.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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