China manufacturing activity hits 17-month high
BEIJING (AFP) - Chinese manufacturing activity strengthened in September to its highest level in 17 months, the government said on Tuesday, providing further evidence of a rebound in the world's second-biggest economy.
The official purchasing managers' index (PMI) crept up to 51.1 last month from 51.0 in August, the National Bureau of Statistics (NBS) said on its website.
The index - which measures manufacturing activity in Chinese factories and workshops - is a widely observed monitor of the country's economic health. A reading above 50 indicates expansion while anything below signals contraction.
The September PMI is the highest since a reading of 53.3 in April 2012, and comes alongside other recent numbers that suggest the Chinese economy is picking up steam.