Societe Generale
China's National Bureau of Statistics published the country's official manufacturing PMI report a bit earlier than expected.
The headline number climbed to 51.4 in October from 51.1 in September. Economists were looking for a reading of 51.2.
Any reading above 50 signals growth.
The output sub-index was particularly strong, rising to 54.4 from 52.9.
It's worth noting, however, that seven of the 12 sub-indexes actually contracted.
Here's a breakdown of the September report.
Sept. 2013 | Oct. 2013 | |
PMI | 51.1 | 51.4 |
Output | 52.9 | 54.4 |
New Orders | 52.8 | 52.5 |
New Export Orders | 50.7 | 50.4 |
Backlogs of Work | 46.2 | 45.5 |
Inventories of Finished Goods | 47.4 | 45.6 |
Purchases Quantity | 52.5 | 52.7 |
Imports | 50.4 | 50.0 |
Input Prices | 54.5 | 53.3 |
Inventories of Raw Materials | 48.5 | 48.6 |
Employment | 49.1 | 49.2 |
Supplier Delivery Times | 50.8 | 50.8 |
Business Activity Expectation | 58.4 | 57.5 |
More From Business Insider