Economic Indicators
China’s Oct non-manufacturing activity breaks back into expansion
2024.10.30 22:19
BEIJING (Reuters) – China’s non-manufacturing activity expanded in October, an official survey showed on Thursday, providing some relief to policymakers even as other indicators have suggested recovery in the world’s No. 2 economy remains distant.
The official non-manufacturing purchasing managers’ index (PMI), which includes services and construction, quickened slightly to 50.2 from 50.0 in September, according to the National Bureau of Statistics (NBS). The 50-point mark separates expansion from contraction in activity on a monthly basis.
The NBS composite PMI, which includes manufacturing and services, came in at 50.8 in October.
