HSBC China (FXI, quote) manufacturing purchasing managers’ index (PMI) post no surprises from its earlier flash report of 50.4 for the month of October, a slight improvement over September’s 50.2 results.

The results albeit are showing signs of improvement are the lowest in 5 months and does suggest continue weak expansion for China out and new orders.

Remember a PMI result above 50 suggest positive growth while a result of below 50 suggest a contraction of growth. In China the PMI survey is made up 420 small and medium size manufactures.