The manufacturing sector in China continued to expand in October, and at a faster rate, the latest survey from Caixin revealed on Monday with a manufacturing PMI score of 53.6.
That’s up from 53.0 in September and it moves further above the boom-or- bust line of 50 that separates expansion from contraction.
Individually, October survey data pointed to a marked improvement in [business][1] conditions across China’s manufacturing sector, with firms recording sharper rises in both output and total new work.
However, growth in new export sales softened notably amid a resurgence of the [coronavirus][2] across a number of export [markets][3]. Nonetheless, stronger overall market conditions led to an improvement in business confidence, which hit its highest since August 2014.
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