BEIJING : China’s manufacturing activity contracted in September, ending an 18-month expansion that powered the country’s recovery from the pandemic, with power curbs in hubs threatening further disruption.
China’s manufacturing purchasing managers index fell to 49.6 in September, the National Bureau of Statistics in Beijing said Thursday.
That marks the gauge’s first drop below the 50 mark that separates an expansion of activity from contraction since February 2020, when the metropolis of Wuhan and surrounding Hubei province were shut down to contain the fast-spreading virus.
Economists polled by The Wall Street Journal had expected the official PMI to remain unchanged from August’s 50.1 reading. Instead, Thursday’s lower PMI reading