Economics
Private Chinese Factory Gauge Recovers Lost Ground in October
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A private gauge of China’s manufacturing industry recovered from the lowest level in 6 and a half years.
The Purchasing Managers’ Index from Caixin Media and Markit Economics improved to 48.3 in October. That beat the median estimate of 47.6 in a Bloomberg survey and rose from the final reading of 47.2 in the month earlier. Readings have remained below 50 since March, indicating contraction.