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China's Oct non-manufacturing activity breaks back into expansion

BY Reuters | ECONOMIC | 10/30/24 09:47 PM EDT

BEIJING (Reuters) - China's non-manufacturing activity expanded in October, an official survey showed on Thursday, providing some relief to policymakers even as other indicators have suggested recovery in the world's No. 2 economy remains distant.

The official non-manufacturing purchasing managers' index (PMI), which includes services and construction, quickened slightly to 50.2 from 50.0 in September, according to the National Bureau of Statistics (NBS). The 50-point mark separates expansion from contraction in activity on a monthly basis.

The NBS composite PMI, which includes manufacturing and services, came in at 50.8 in October.

(Reporting by Joe Cash; Editing by Shri Navaratnam)

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