Caixin Markit China Pmi

Activity in China's colossal factory sector shrank in October as global demand stuttered, reinforcing the case for more stimulus and questioning whether the Federal Reserve can be confident enough to raise US interest rates this year.

The final Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) for September was slightly down from August but was a touch higher than a preliminary reading, data released on Thursday showed.

The services Purchasing Managers' Index (PMI) compiled by Caixin/Markit rose to 53.8 from June's 51.8. The July level is the highest since August 2014 and marks a 12th straight month of expansion.

Activity in China's colossal factory sector shrank in October as global demand stuttered, reinforcing the case for more stimulus and questioning whether the Federal Reserve can be confident enough to raise US interest rates this year.

The final Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) for September was slightly down from August but was a touch higher than a preliminary reading, data released on Thursday showed.

The services Purchasing Managers' Index (PMI) compiled by Caixin/Markit rose to 53.8 from June's 51.8. The July level is the highest since August 2014 and marks a 12th straight month of expansion.