A private survey shows China's manufacturing activity expanded in October, better than expected

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A private survey shows China's manufacturing activity expanded in October, better than expected
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A private survey showed factory activity in China expanded in October with the Caixin/Markit PMI coming in at 51.7, beating analysts' expectations.

A private survey showed factory activity in China expanded in October with the Caixin/Markit PMI coming in at 51.7.The official PMI survey typically polls a large proportion of big businesses and state-owned enterprises. The Caixin indicator features a bigger mix of small- and medium-sized firms.Feature China | Barcroft Images | Barcroft Media | Getty Imagesexpanded in October with the Caixin/Markit PMI coming in at 51.7.

Official manufacturing data released on Thursday showed factory activity in China contracted for the sixth month in a row. The official PMI survey typically polls a large proportion of big businesses and state-owned enterprises. The Caixin indicator features a bigger mix of small- and medium-sized companies.

The PMI is a survey of how businesses view the operating environment. Such data offer a first glimpse into what's happening in an economy, as they are usually among the first major economic indicators released each month. China's PMI data is closely watched by global investors for signs of trouble amid a domestic economic slowdown and the ongoing U.S.-China trade dispute.

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