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Caixin China manufacturing PMI rebounds in October

Xinhua, November 2, 2015 Adjust font size:

The Caixin General China Manufacturing Purchasing Managers' Index (PMI), an indicator of manufacturing activity, moved up to 48.3 in October, the highest level since June this year, a private survey showed Monday.

The index was higher than 47.2 in September but remained in contraction zone, according to the survey conducted by financial information service provider Markit and sponsored by Caixin Media Co. Ltd..

A reading above 50 indicates expansion, while a reading below 50 represents contraction. Endi