Manufacturing accelerates

There was a rise in manufacturing in China in October as spending on infrastructure brought orders for new equipment.
The state-affiliated China Federation of Logistics and Purchasing said Monday its purchasing managers index, or PMI, rose to 54.7 in October from 53.8 September and 51.7 in August.
Monthly readings have stayed above 50, which shows growth, for 20 straight months.
CBC News reported that China’s economic growth slowed to 9.6% in the three months ending in September over a year earlier, down from the previous quarter’s 10.3%.
The federation said on its website the survey, an indicator of future trends, suggested the economy is on track for continued stable growth.