China’s manufacturing activity returned to growth in October as an expansion in new orders led to a rebound in output growth, signaling an improvement in the sector at the start of the latest quarter, a survey by the private sector.

“The latest Caixin manufacturing PMI reading adds to broader evidence that, after turning a corner in September, the economy continued to regain momentum last month,” said Julian Evans-Pritchard, head of China economics at Capital Economics.

“Stimulus efforts are already having an effect and will continue to be a tailwind in the coming months.”

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