Global Economic News

China Caixin Manufacturing PMI Jumps To 51.2

The manufacturing sector in China continued to expand in October, and at a much faster rate, the latest survey from Caixin revealed on Tuesday with a manufacturing PMI score of 51.2.

That beat forecasts for 50.1, which would have been unchanged from the previous month.

It also moved further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, production expanded at a quicker pace as total new order d=growth accelerated.

Employment declined at its slowest rate since May 2015, and firms saw inflationary pressures pick up sharply.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More Global Economic News