BEIJING, Nov 1 (APP/AFP) – Factory activity in China expanded last month at its fastest pace in more than two years, official and private figures showed Tuesday, boding well for the world’s second-largest economy. Investors closely watch the purchasing managers’ index (PMI) numbers, which gauge conditions at factories and mines, as the first indicators of the health of the economy each month. The official PMI came in at 51.2 for October, its highest since July 2014, figures from the National Bureau of Statistics (NBS) showed. That was up from September’s 50.4 and was well ahead of the median forecast of 50.3 in a Bloomberg News survey of economists.
Business News
China manufacturing indices at highest in 2 years
