China's NBS just released the official October Manufacturing
PMI number.
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The number climbed to 50.2, from 49.8 in September.
This was basically in line with economists expectation for 50.3.
Any reading above 50 signals expansion.
At 9:45 PM EST, we will get the unofficial HSBC China manufacturing PMI.
Last week, the HSBC China Flash (or preliminary) number came in at 49.1, a three-month high. This tends to be a pretty good indicator of the final number. This would be a gain from last month's reading of 47.9.
China is the world's second largest economy. Almost every other economy looks to it as a source of growth.
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