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Manufacturing sector expansion cools

By Xin Zhiming and Chen Jia | China Daily | Updated: 2017-11-01 07:17

China's manufacturing activities, measured by the official Purchasing Managers Index, softened in October after two consecutive months of expansion, the National Bureau of Statistics said on Tuesday.

The PMI, a gauge of factory conditions, stood at 51.6 in October, the NBS said in a statement on its website. It was 52.4 in September, which marked a five-year high. A reading above 50 is deemed as expansion and one below that mark indicates contraction.

The manufacturing sector of the world's second-largest economy remained on track for expansion since the October reading was above the demarcation mark of 50, said Zhao Qinghe, a senior statistician of the NBS, in a statement. "Despite the retreat, the indicator was still 0.4 percentage points higher than a year ago and remained at the average level for this year."

Manufacturing sector expansion cools

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