China HSBC flash PMI at 3-mth high, economy ticks up

China’s manufacturers saw growth shrink for a 12th successive month in October, but output at a three-month high and the most robust order books since April signal a strengthening recovery, preliminary results of a purchasing managers survey show.

The China HSBC Flash Manufacturing Purchasing Managers Index (PMI) rose to a three-month high of 49.1 in October, the latest indicator of the real economy since official data last week showed GDP growth fell below target in Q3, despite signs of strength in September.

via Business feed http://www.scmp.com/business/economy/article/1068520/china-hsbc-flash-pmi-3-mth-high-economy-ticks