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China's manufacturing growth hits 18-month high
Source: Xinhua |
November 1, 2013, Friday
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Online Edition
Online Edition
China's purchasing managers' index (PMI) for the manufacturing sector rose to 51.4 percent in October, hitting a new high since May 2012, the National Bureau of Statistics (NBS) said today.
The figure was 0.3 percentage point higher than that for September, the NBS said in a statement.
China's manufacturing PMI has rebounded for four consecutive months till October, showing that the country's manufacturing activities are seeing a steady upward trend, the statement said.
A reading below 50 indicates contraction, while that above 50 signals expansion.
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