- Australian PMI records positive results for two months straight since 2019
- Most heavy industry manufacturing to keep going in Victoria amid new COVID-19 restrictions
- Swinburne, CSIRO joint R&D facility with pilot plant for composite additive manufacturing
- AMGC backs Australian battery manufacturer heading for export markets
China’s manufacturing sector has recorded its best PMI results since 2014, with the economy apparently stabilising.
In October, both the official purchasing managers index (51.2) and unofficial Caixin PMI (51.2) recorded their best overall results since July 2014, beating economists’ median predictions, reports AFP.
Any result above 50 indicates expansion.
However, Caixin analyst Zhong Zhengsheng warned that though the economy was apparently stabilising, this was due mainly to policies supporting economic growth.
“Supportive policies must be continued, or industrial output may be dragged down by a slowdown in investment,” added Zhong.