News Summary: China manufacturing improves -survey

AP News
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Posted: Oct 24, 2012 4:35 PM
News Summary: China manufacturing improves -survey

RAMPING UP: A survey by HSBC found that China's manufacturing improved this month. the data showed strong gains from September, and adds to signs a recovery might be happening after a sharp slump.

NEW TREND? It adds to data last week that showed retail sales and investment picking up. Economic growth in the quarter ended in September fell to a three and a half year low, but the decline was gentler than previously.

WORLD VIEW: The Chinese numbers are encouraging news for the world economy, which has slowed as Europe's chronic debt crisis worsened and the American economy stagnated.