Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Here Comes HSBC China PMI...

Mamta BadkarSep 30, 2013, 06:47 IST

REUTERS/Carlos Barria

China HSBC PMI for September is out at 9:45 p.m. ET.

Economists polled by Bloomberg are looking for PMI to hold steady at 51.2.

HSBC Flash PMI jumped to 51.2 in September, with a broad based improvement in manufacturing. There was a noticeable improvement in new export orders.

This is also up from a reading of 50.1 in August.

The recent strength in the industrial production data is also positive for manufacturing. And an improvement in both the HSBC and official PMI numbers (the latter due on Tuesday) will add to signs that China's economy is stabilizing.

Here's a look at the trajectory of official and HSBC PMI:

Societe Generale