China October official manufacturing PMI beats forecasts

jeudi 31 octobre 2013

An employee works inside a steel factory in Caofeidian China's manufacturing sector grew at the fastest pace in 18 months in October, official data showed on Friday, adding to signs of a stabilization in the world's No.2 economy as the government readies a series of key economic reforms. The survey's strength offered some relief on the growth outlook after a disappointing run of data last month, including a below-forecast official PMI and a surprise drop in exports. "This is in line with our relatively benign growth outlook," said Louis Kuijs, an economist at RBS, in a note. A breakdown of the sub-indexes showed that new orders in large industries reached 53.8, while for small industries the number was just 48.8, suggesting that the trend towards stabilization has still largely only been felt by larger firms.








via Business News - Yahoo Finance http://finance.yahoo.com/news/china-october-official-manufacturing-pmi-015010557.html

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