China's October factory activity returns to expansion, Caixin PMI shows

Business

BEIJING: China's manufacturing activity swung back to growth in October as an expansion in new orders led to a pick-up in production growth, signalling an improvement in the sector at the start of the final quarter, a private-sector survey showed on Friday (Nov 1). The Caixin/S&P Global manufacturing PMI rose to 50.3 in October from 49.3 the previous month, beating analysts' forecasts in a Reuters poll of 49.7. The reading echoes an official survey on Thursday, which showed manufacturing