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Preliminary report signals rebound for Chinese manufacturers in October

Published by Derek Lothian on October 24, 2011

China's manufacturing sector is showing signs it may expand for the first time in four months, which would snap a lengthy contraction dating back to 2009.

A preliminary reading of the purchasing managers index measured 51.1 - up from 49.9 in September and August. A reading above 50 indicates growth.

For more information, read this article from Bloomberg BusinessWeek: http://news.businessweek.com/article.asp?documentKey=1376-LTJRUG0D9L3501-19C5UQ92JJ28M539IB6CKTOHIU.

 

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