China's manufacturing activity rose to 7-month high in October boosted by a mini-stimulus program that includes faster spending on urban transport, tax breaks for business.

The Flash China Manufacturing PMI (purchasing managers index) was at 50.9 (50.2 in September) - - a seven-month high. The no-change level of activity is 50. Meanwhile, Flash China Manufacturing Output Index was at 51.0 (50.2 in September) - - a six-month high.
Data collected 11–22 October 2013.

The HSBC Flash China Manufacturing Purchasing Managers’ Index is published on a monthly basis approximately one week before final PMI data are released, making the HSBC PMI the earliest available indicator of manufacturing sector operating conditions in China. The estimate is typically based on approximately 85%–90% of total PMI survey responses each month and is designed to provide an accurate indication of the final PMI data.

Hongbin Qu, chief economist, China & Co- Head of Asian Economic Research at HSBC said: "October’s HSBC Flash China Manufacturing PMI rose to a seven-month high of 50.9 on the back of broad-based modest improvements. This implies that China’s growth recovery is becoming consolidated into 4Q following the bottoming out in 3Q. This momentum is likely to continue in the coming months, creating favorable conditions for speeding up structural reforms."

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