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ECONOMY
THIS WEEK> THIS WEEK NO. 45, 2012> ECONOMY
UPDATED: November 2, 2012 NO. 45 NOVEMBER 8, 2012
Manufacturing Rejuvenates
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China's manufacturing activity got a boost in October, official data showed on November 1.

The purchasing managers' index (PMI), a key gauge of manufacturing activity, rose to 50.2 percent in October from 49.8 percent in September, according to the China Federation of Logistics and Purchasing. A level above 50 percent indicates expansion.

"I think the October PMI will help support our expectations for better economic perfor-mance in the fourth quarter than in the third," said Wang Jin, a macroeconomic analyst at Shanghai-based Guotai Junan Securities.

"Signs of stabilizing external demand, faster infrastructure investment and a thawing property market all bolstered a recovery in factory activity," he added.



 
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