Beijing - Two measures of China's manufacturing improved in October in a possible sign of economic recovery.
HSBC Corp. said Friday its monthly purchasing managers' index showed its best improvement in seven months, rising to 50.9 from September's 50.2 on a 100-point scale on which numbers above 50 show expansion.
An industry group, the China Federation of Logistics and Purchasing, said its index rose to 51.4 from the previous month's 51.1.
HSBC economist Hongbin Qu says in a statement that “China is on track for a gradual growth recovery.”
China's economic growth rebounded to 7.8 percent in the three months ended in September from the previous quarter's two-decade low of 7.5 percent.
But some analysts say the recovery could be short-lived and weaken later this year. - Sapa-AP