China's official manufacturing PMI number unexpectedly signaled contraction again

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Sam Ro

It's global PMI day, and this is our scorecard.

• The first big number of the day was China's official manufacturing PMI number, which unexpectedly signaled contraction again.
• The index came in at 49.8, which was below economists's expectation for it to climb to 50.1.  
• This was, however, a slight improvement from 49.2 in August.
• China is the second largest economy in the world and arguably its most important source of growth.

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