China's manufacturing PMI for October rose slightly above expectations, signaling expansion for the first time since April. This positive shift reflects a moderate economic recovery spurred by ongoing fiscal and monetary support. Analysts predict further economic momentum in the fourth quarter due to expected policy easing. The Chinese parliament is set to convene next week, likely signaling more fiscal stimulus.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02China's manufacturing PMI for October rose slightly above expectations signaling expansion
00:07for the first time since April. This positive shift reflects a moderate economic recovery
00:12spurred by ongoing fiscal and monetary support. Analysts predict further economic momentum in
00:17the fourth quarter due to expected policy easing. The Chinese parliament is set to
00:22convene next week likely signaling more fiscal stimulus.
00:25For all things money visit Benzinga.com slash GSTV.