China: PMI hits 18-month high in October

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.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s