The Oct Caixin-sponsored manufacturing PMI, which was expected around 51 following yesterday's NBS measures that showed declines in both the manufacturing and non-manufacturing measures, has arrived and beaten expectations.
Caixin Manufacturing PMI (Oct) Actual: 51.7 Expectations: 51 Prior: 51.4.
The Caixin China Manufacturing PMI™, released by Markit Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies.
Source : FX Street