OREANDA-NEWS. October 07, 2013. China's purchasing managers' index (PMI) for the manufacturing sector rose to 51.4 percent in October, hitting a new high since May 2012, the National Bureau of Statistics (NBS) said.
 
The figure was 0.3 percentage point higher than that for September, the NBS said in a statement.
 
China's manufacturing PMI has rebounded for four consecutive months till October, showing that the country's manufacturing activities are seeing a steady upward trend, the statement said.
 
A reading below 50 indicates contraction, while that above 50 signals expansion.