China official PMI may confirm recovery trend

China’s factory activity likely accelerated in October to its fastest pace in five months, according to a new Reuters poll that reveals a growing certainty of recovery taking hold in the world’s second-biggest economy.

The poll of 14 economic analysts forecasts that China’s official purchasing managers index (PMI) rebounded to 50.3 in October from 49.8 in September, a reading that suggests factory output is accelerating again after two months of slowing growth.

via Business feed http://www.scmp.com/business/economy/article/1073158/china-official-pmi-may-confirm-recovery-trend