BEIJING — China's official purchasing managers' index for October came in at 50.1, in expansionary territory for the first time since April, according to National Bureau of Statistics data released Thursday.
The last time the PMI was above the 50-point line that determines contraction from activity was in April, with a reading of 50.4.
Raw materials inventory ticked up to 48.2, still in contraction territory, along with employment at 48.4, which was mildly better than the prior month.
The statistics bureau's PMI for non-manufacturing activity rose to 50.2 in October.
The employment portion of the non-manufacturing PMI climbed by 1.1 percentage points to 45.8.
Organizations:
BEIJING, National Bureau, Statistics, PMI