Growing New Orders Boost China's PMI

China's manufacturing output in October expanded at the fastest rate in 6 months, alleviating concerns of an economic slowdown, reports the South China Morning Post.

 

The purchasing managers' index (PMI), released by the China Federation of Logistics and the National Bureau of Statistics, jumped from 53.8 in September to 54.7 in October. A second PMI, from HSBC Holdings and Markit Economics, rose from 52.9 to 54.8.

 

A rising PMI, however, add to inflation fears and concerns of more interest rate rises in the future, says the Post.

 

 

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