China’s official manufacturing purchasing managers’ index edged up to 51.4 in October from 51.1 in the previous month, and marking the highest level in 18 months, according to data released Friday by the National Bureau of Statistics (NBS). A reading above 50 suggests expansion in factory activity. However, the index of new orders dropped to 52.5 last month from 52.8 in September, while the new export orders index fell to 50.4 from 50.7. The production index was 1.5 point higher at 54.4 while that for raw materials inventory rose 0.1 point to 48.6, the data showed.
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