NBS: China’s Oct manufacturing PMI stable, scoring 51.4
Nov 02, 2020 09:00
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China’s Purchasing Managers’ Index (PMI) for its manufacturing industry remained largely stable on month, down merely 0.1 basis point to 51.4 for October, or having stayed in the expansion zone for the eighth month, confirming the continuing improvement in the sector, Zhao Qinghe, the senior statistician from the country’s National Bureau of Statistics (NBS) highlighted in his latest analysis.
Last month, both demand and supply maintained relatively faster
recoveries, with the production sub-index also down 0.1 basis point on month to
53.9 but having been in expansion since March, he pointed out.
As for new orders the Chinese manufacturers received both
from the home and overseas markets stayed flat on month at 52.8,