China manufacturing contracts for second month

China’s manufacturing activity contracted for a second straight month in September, according to official data released on Monday, falling short of expectations for expansion.

The government’s purchasing managers’ index (PMI) stood at 49.8 in September, a modest improvement on 49.2 in August, according to the China Federation of Logistics and Purchasing and the National Bureau of Statistics.

via Business feed http://www.scmp.com/business/economy/article/1051530/china-manufacturing-contracts-second-month