China Purchasing Managers’ Index (PMI) Dips in September

September 30, 2018 by Douglas A. McIntyre

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.


Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.