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Here Comes HSBC China Flash PMI...

Mamta BadkarOct 24, 2013, 06:34 IST

Reuters/China Daily

HSBC China flash PMI for October is out at 9:45 p.m. ET.

Economists polled by Bloomberg are looking for HSBC flash PMI to rise to 50.4, from 50.2 in September.

Last month's report showed that "new business from overseas increased for the first time in six months." This increase was marginal and the stronger demand came from Europe and the U.S.

A reading below 50 indicates contraction.