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China’s Official Manufacturing PMI Rises in September

China’s Macroeconomic Indicators: Impact on China-focused Mutual Funds

(Continued from Prior Part)

Importance of the PMI

The purchasing managers’ index (or PMI) is an economic indicator that provides a snapshot of the manufacturing and non-manufacturing sectors of an economy. A reading above 50 indicates that the activity is expanding while a reading below 50 signals a contraction.

The manufacturing PMI is based on variables such as output, new orders, employment, and prices across key sectors while the non-manufacturing PMI covers the service sector and includes areas such as retail, real estate, construction, aviation, and software services. This information provides advance insight as to how the manufacturing and service sectors of the economy are...