China’s manufacturing sector expands for sixth straight month

• China’s manufacturing sector expands for sixth straight month as pandemic fallout fades, private survey shows

• The Caixin/Markit Purchasing Managers’ Index for Chinese manufacturing came in at 53.6 for October, better than the 53.0 forecast by analysts in a Reuters poll.
• The latest reading was the highest since January 2011, the survey results showed.
• Over the weekend, China said its official manufacturing PMI for October was 51.4 — the eighth consecutive month of expansion. Analysts polled by Reuters had expected a 51.3 reading.

• https://www.cnbc.com/2020/11/02/china-economy-caixin-markit-manufacturing-pmi-for-october-2020.html

 

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