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Economic news

China Oct manufacturing activity expands for first time in six months

10/30/2024

Less than a minute

2024.10.30 21:51

© Reuters. A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory, as the country is hit by the novel coronavirus outbreak, in Hangzhou, Zhejiang province, China March 2, 2020. China Daily via REUTERS/ File Photo

BEIJING (Reuters) – China’s manufacturing activity in October expanded for the first time in six months, an official factory survey showed on Thursday, supporting policymakers’ optimism that recent fresh stimulus will get the world’s No. 2 economy back on track.

The official purchasing managers’ index (PMI) rose to 50.1 in October from 49.8 in September, just above the 50-mark separating growth from contraction and beating a median forecast of 49.9 in a Reuters poll.

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10/30/2024

Less than a minute