9月PMI出炉，制造业连升两月，金融业成亮点

Group 1 - In September, the Manufacturing Purchasing Managers' Index (PMI) was 49.8%, an increase of 0.4 percentage points from August, marking two consecutive months of growth [1][3] - The Non-Manufacturing Business Activity Index stood at 50%, indicating stable overall operations, while the comprehensive PMI output index remained in expansion [1][6] - The financial sector's business activity index rose above 60%, outperforming the same period last year, providing a favorable financial environment for economic recovery [5][6] Group 2 - The production index, new orders index, and purchasing volume index showed signs of recovery, while order indices remained below the threshold, highlighting persistent demand challenges [3][4] - The construction sector's business activity index remained below 50%, indicating weak growth in investment-related construction activities [7] - The overall economic outlook for the fourth quarter is positive, driven by macroeconomic policy support, holiday consumption, and project launches [8][10] Group 3 - The average PMI for the manufacturing sector in the third quarter was 49.5%, showing a slight increase compared to the second quarter and the same period last year [9] - The non-manufacturing sector maintained stable operations with an average business activity index of 50.1% in the third quarter [9] - Expectations for the fourth quarter are optimistic, with manufacturing enterprises showing increased confidence in production activities [10]