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China's Oct PMI up but no signs of Q4 turnaround

Export and domestic factory orders rise but at slower pace; producer prices fall

Published Thu, Oct 23, 2014 · 09:50 PM
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Beijing

CHINA's vast factory sector grew a shade faster in October as firms drew more foreign and domestic orders, a private survey showed on Thursday, though analysts said the figure does not point to a fourth-quarter turnaround for the cooling economy.

The flash HSBC/Markit manufacturing purchasing managers' index (PMI) edged up to a three-month high of 50.4 from a final reading of 50.2 in September, and just a hair's breadth from the 50.3 reading forecast by analysts.

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