China’s manufacturing activity returned to growth in October as an expansion in new orders led to a resumption of output growth, signaling an improvement in the sector at the start of the last quarter, a survey of the country showed on Friday. private sector.

“Caixin’s latest manufacturing PMI adds to broader evidence that, after turning a corner in September, the economy continued to regain strength last month,” said Julian Evans-Pritchard, head of the Chinese economy at Capital Economics.

“The recovery efforts are already bearing fruit and will remain favorable over the coming months. »

Markets are awaiting more details on China’s additional debt to revive a fragile economy, as a persistent slowdown in the property market and low consumer confidence continue to hamper the recovery of the world’s second-largest economy.