Caixin Manufacturing PMI Surges for the Third Consecutive Month in China

  • Nov 02, 2019 AEDT
  • Team Kalkine

Caixin Manufacturing Purchasing Manager Index - which gauges the level of manufacturing activities in China, surpassed the market expectations for October 2019.

  • The Caixin Manufacturing Purchasing Manager Index stood at 51.7 against the market expectations for 51.0 for October 2019.
  • The increase is the third consecutive increase for the Caixin Manufacturing PMI, which further indicates improving manufacturing activities in China.
  • The value of Caixin Manufacturing Purchasing Manager Index above 50.0 indicates industry expansion.

 

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