China Manufacturing PMI falls at slower pace in October

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Source: RTTNews
© Scanpix/Reuters
Business confidence among Chinese manufacturing firms posted early signs of rebounding in October, with a slower rate of decline in both output and new orders, preliminary survey by Markit showed on Wednesday. The HSBC Manufacturing PMI soared to a three-month high level of 49.1 from 47.9 in preceding month. However, employment across manufacturing sector slipped at a higher pace than in September.
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