Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  November 01, 2012 10:22:16

China - the manufacturing sector in October grew by PMI and is in expansion


Activity of the Chinese manufacturing sector in October, according to PMI rose to 50.2 points compared to September's 49.8 points. Index rose for the first time after 3 months. filled the average value of the October market expectations, which generally worked with estimates ranging from 49.8 to 51.8 points.

Output index rose to 52.1 points, which is the highest level since May of this year. New orders index rose above the threshold of 50 points and became the first 6 months. Index of export orders fell for the fifth month in a row.

According to statistics like HSBC / Markit manufacturing sector activity grew in the ground up for the past 8 months. New orders index was the second highest in the past 17 months. export orders index fell for the sixth time in a row.

Activity growth in the manufacturing sector, according to analysts, perhaps a sign of a possible recovery in the growth of the Chinese economy in Q4 of this year. Chinese 3Q GDP grew by 7.4%, which was at least the last three years. Bank of America analysts this week increased their estimates for growth in 4Q from 7.5 to 7.8%. Nomura estimates for 4Q growth even at 8.4%.

Results HSBC / Markit PMI to suggest improvements in the entire Pacific region. Index for Taiwan was the highest since June, India's index rose for the first time after 4 months, corrected for South Korea last fall. Index for Russia grew the second month in a row and found himself up as of this May. The data for the U.S., UK and the euro area will be published today.
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