The Purchasing Managers Index (PMI) edged up from 51.1 points in September to 51.4 points in October according to the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP), which publish the index. The increase marks the fourth consecutive month of improvement and the highest reading since April 2012. The print overshot market expectations of an increase to 51.2 points. The index remains above the 50-point threshold that separates expansion from contraction in the manufacturing sector.
Read more about Chinese PMI.