China is expected to report its official manufacturing Purchasing Managers’ Index for the month of October on Tuesday. That will mark the country’s first data release after last week’s Communist Party leadership confab.

Analysts polled by Reuters expected China to post official PMI of 52.0 for October, down from 52.4 in September.

A reading above 50 indicates expansion, while a reading below that signals contraction.

ING bank, for one, expected China’s October PMI to be supported by the upcoming international holiday season, which will boost manufacturing activity and exports, wrote Iris Pang, economist for Greater China. The bank forecast China to post official PMI of 52.9.

China’s manufacturing sector has been posting solid growth thanks to domestic infrastructure spending and a recovery in exports. That has mitigated some concerns about slowing growth and high debt levels that could derail the world’s second-largest economy.

Another set of PMI readings will be published on Wednesday as Caixin/Markit release their numbers.

Compared with the official PMI, the Caixin/Markit survey tends to focus more on small- and mid-sized manufacturers.

Source: cnbc china
China is about to tell the world how its economic activity is doing