China's manufacturing PMI rose to 502 in October,

2022-07-26
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China's manufacturing PMI rose to 50.2 in October, returning to above the withered glory line. According to the data jointly released by the China Federation of logistics and purchasing and the National Bureau of statistics on Thursday, China's official Manufacturing Purchasing Managers' index (PMI) rose to 50.2 in October and 49.8 in September, returning to above the withered glory line

after two months of contraction, China's official Manufacturing Purchasing Managers' index (PMI) began to expand in October, which is the latest signal of the rebound of manufacturing activities in China, the world's second largest economic system

the rise of the index further confirms that China's economy is bottoming out and may continue to boost the market's confidence in China's economic trend for the rest of this year

Song Seng Wu, director of CIMB's research department, said that from the perspective of China's overall economy, the situation has become less bad. The question is how big the index will be to provide customers and the market with a series of innovative modified plastic products, which will make an ordinary processing plant live better. This is very important because it is the peak season for China to supply Christmas related goods to all parts of the world

most economists previously predicted that the official Manufacturing Purchasing Managers' index in October may rise to 50.3 from 49.8 in September

zhangzhiwei, Nomura economist, said that easing policies such as accelerating infrastructure investment supported the recovery of PMI. He predicted that the overall economic growth in the rest of this year would be surprising because the supporting policies continued to take effect

pmi related data higher than 50 indicates that activities in related fields are in an expanding trend; If it is lower than the 50 level, how to select the computer pulling machine indicates that the activities in relevant fields are in a shrinking trend

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