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CHINA DATA: Caixin said on Thursday that its own manufacturing purchasing
managers index (PMI) rose for the fourth month to 51.7 in October from 51.4 in
September, a nearly two-month high suggesting more expansion.
- "Robust" new orders rose to the highest since Feb 2013, while external demand
expanded to the highest since Mar 2018, when trade conflicts with the U.S.
began, Caixin said by email.
- The uptrend suggested by the Caixin gauge contradicted with official PMI
released Thursday, which lost 0.5 pp to 49.3 in Oct from Sept. Caixin said its
PMI tracks small and medium-sized manufacturers not surveyed by the NBS.