China Factory Gauge Jumps to Two-Year High, Services Strengthen

Chinas official factory gauge rose to the highest since July 2014, led by brand-new prescribes, hinting the economys stabilization continued into the fourth part as robust uptake underpins demand.

Key Points

Manufacturing purchasing administrators index rose to 51.2 in October, the National Bureau of Statistics said Tuesday, from 50.4 in the prior 2 month PMI beat all economist foreshadows in a Bloomberg survey, with a median estimate of 50.3 Non-manufacturing PMI rose to 54 from 53.7 in September
Separate PMI reading from Caixin Media and Markit Economics rose to 51.2, also drumming estimates and clambering to a two-year high Numbers higher than 50 expres improving conditions

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