The preliminary HSBC China Manufacturing Purchasing Managers Index rose to 50,9 points, from 50,2 in September – This is the best result in the last seven months for Chinese manufacturing.
Positive signals in October fromChinese industry. The preliminary HSBC China Manufacturing Purchasing Managers index rose to 50,9 points, against 50,2 in September, thus going further beyond the threshold of 50 points, which marks the boundary between expansion and contraction.
This is the best result of the last seven months for Chinese manufacturing. New orders and export orders also did well, while employment fell, albeit more slowly than in September.
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