China's Oct Official Manufacturing PMI Up 0.3 Pts from Sep

The National Bureau of Statistics released data on the Manufacturing Purchasing Managers' Index (PMI) for October, showing that the PMI in October was 50.1%, up 0.3 percentage points from the previous month, indicating a rebound in the manufacturing sector's business sentiment. In October, the Non-Manufacturing Business Activity Index was 50.2%, up 0.2 percentage points from the previous month, showing a slight pickup in the non-manufacturing sector's business sentiment. In October, the Composite PMI Output Index was 50.8%, up 0.4 percentage points from the previous month, suggesting that the overall expansion pace of China's corporate production and operation activities has accelerated.