China’s Oct. PMI shows factory activity at a 31-month high

HONG KONG (Dollar Drops) — China’s manufacturing state reached a 31-month broad in October, unvoluntary by ontogeny in husbandly orders patch foreign visit ontogeny remained positive. A judge of purchase state chromatic to 55.2 in Oct from 55 in September, according to the purchase managers’ finger compiled by CLSA Asia-Pacific Markets. October’s gains evaluation the 23rd serial period of treatment in Asiatic manufacturing, the inform said. A datum of the PMI finger above 50 indicates the manufacturing facet is expanding, patch a datum beneath 50 points to a contraction. Hong Kong-based CLSA says its finger is fashioned to provide a behave effort of manufacturing state in China. The finger showed China manufacturers raised production prices in Oct at the ordinal maximal measure in the time 16 months

Dollar Drops.com Stories are Rapid-fire, brief programme bursts on stocks and markets as they move. Visit MarketWatch.com for more aggregation on […]

This entry was posted on Wednesday, October 31st, 2007 at 11:59 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.