China's manufacturing PMI for October exceeds 50 for the first time in six months - Chinese media

On the 31st, the China Federation of Logistics and Purchasing and the Service Industry Research Center of the National Bureau of Statistics announced China's Purchasing Managers' Index (PMI) for October.
The PMI for China's manufacturing sector rose 0.3 percentage points to 5.5 in October from the previous month, indicating that the foundation for economic recovery is becoming stronger.
The manufacturing PMI was 0.1. After remaining below 50 for five months, it has risen gradually for two consecutive months, reaching above 50 this month.
By industry, 12 of the 21 manufacturing industries had PMIs above 50, and many industries are maintaining a growth trend.
As a result of the implementation of inventory adjustment policies, market demand continues to stabilize. The new orders index for October increased 0.1 points to 50, and the production index increased 0.8 points to 52.
Overall, the effects of macroeconomic policies continued to be felt in October, boosting market vitality and bringing about a balance between supply and demand.