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October manufacturing Purchasing Managers’ Index 

A worker checks a mask of U.S. Republican presidential candidate Donald Trump at Jinhua Partytime Latex Art and Crafts Factory in Jinhua, Zhejiang Province, May 2016.

Aly Song | Reuters

A worker checks a mask of U.S. Republican presidential candidate Donald Trump at Jinhua Partytime Latex Art and Crafts Factory in Jinhua, Zhejiang Province, May 2016.

A survey of small and medium-sized enterprises in China beat expectations even amid an ongoing trade dispute with the U.S.

On Thursday, Caixin and IHS Markit reported October Purchasing Managers’ index (PMI) was 50.1 for October. Analysts polled by Refinitiv had expected the reading to have dipped slightly to 49.9 from 50.0 in September.

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

On Wednesday, China reported the country’s weakest manufacturing growth in more than two years.

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