Chinese manufacturing is growing again. After a three-month blackout, Beijing's Purchasing Managers Index (PMI) shows an increase of more than one point in October compared to September, going from 49,9 to 51,1, the highest level reached in the last five months. Furthermore, for the first time since last July, the value is once again above 50 points, the threshold that marks the transition from recession to growth.
The data relate to the flash estimate by HSBC. The October figure will be revised on November 420 when HSBC's final index is released, which compares the opinions of purchasing managers from XNUMX manufacturing companies in China.
The strong internal demand therefore seems to give new life to the Chinese economy, which seems to have the right antibodies internally to resist the pressures on the international markets. The latest data, which drove up the European stock exchanges at the opening, could reassure those investors who in recent weeks were ready to bet on a violent setback for the growth of the second world economy.
