China official PMI – quick recap

• October comes in at 51.4 vs. 51.2 expected and 51.1 prior
• Fastest growth in 18 months (since April 2012)
• 5 sub sectors higher than in September, 7 fell
• export orders are above 50 for the third month running
• New orders index fell a little, to 52.5 from 52.8
• This official measure is from a survey of 3,000 companies

China official pmi In expansion territory now for more than a year