Flash PMI for Oct brings cheer
By Bloomberg | China Daily | Updated: 2014-10-24 07:23
Resilient labor market, robust export demand help weather realty downturn
A Chinese manufacturing gauge rose in October, adding to signs a resilient labor market and export demand are helping the world's second-largest economy weather a housing market downturn.
The preliminary Purchasing Managers' Index from HSBC Holdings Plc and Markit Economics was at 50.4, exceeding the median estimate of 50.2 in a Bloomberg News survey, which was also the level of September's final reading. Numbers above 50 indicate expansion.
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