CHINA-ECONOMY: CHINA'S MANUFACTURING INDEX SHOWS FASTEST INCREASE SINCE DECEMBER
The Caixin China General Manufacturing Purchasing Managers’ Index (PMI) said China’s manufacturing activity expanded at the fastest pace in nearly three years in October as output and new orders grew at a pace not seen in several years. It said the Index increased to 51.7 in October from 51.4 in the previous month. The gauge hasn’t been this high since February 2017. The output subindex expanded at the fastest pace since December 2016, while new orders placed with goods producers grew at the quickest clip since January 2013, partly because of improved market conditions and a recovery in customer demand, according to the survey.
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