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CN Oct Caixin Mfg PMI Rebounds to 50.3, Beating Forecasts as Expansion Restored
Recommend 4 Positive 15 Negative 3 |
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The production and operation activities in China's manufacturing sector expanded again in October, with stabilized demand and rebounding market confidence, according to Caixin.com. The Caixin China Manufacturing Purchasing Managers' Index (PMI) stood at 50.3 in October, up 1 ppt from 49.3 recorded in September, beating market consensus of 49.7, returning to above the boom-bust line after a brief contraction in September. AAStocks Financial News |
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