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- China's manufacturing sector growth improved strongly at the start of the fourth quarter
China's manufacturing sector growth improved strongly at the start of the fourth quarter
According to rttnews, China's manufacturing sector growth improved strongly at the start of the fourth quarter as output expanded at the fastest rate in over five-and-a-half years in October.
The seasonally adjusted Caixin factory Purchasing Managers' Index rose to 51.2 in October from 50.1 in September, survey data from IHS Markit showed Tuesday. The score was expected to remain at 50.1.
A reading above 50 indicates expansion, while a reading below 50 suggests contraction in the sector.
At the same time, the official manufacturing PMI rose to 51.2 in October from 50.4 in September, the National Bureau of Statistics reported. Similarly, the non-manufacturing PMI improved to 54.0 from 53.7 in September.
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