BEIJING, Nov 1 Reuters China39;s manufacturing activity swung back to growth in October as an expansion in new orders led to a pickup in production growth, signalling an improvement in the sector at the start of the final quarter, a privatesector survey showed on Friday.

The CaixinSP Global manufacturing PMI rose to 50.3 in October from 49.3 the previous month, beating analysts39; forecasts in a Reuters poll of 49.7.

The reading echoes an official survey on Thursday, which showed manufacturing activity expanded for the first time since April, a stabilising sign and helped by a slew of stimulus measures announced in late September as Beijing sought to pull economic growth back towards this year39;s target of roughly 5.

Markets are awaiting more details on China39;s extra debt to revive the fragile economy as a persistent property market downturn and recordlow consumer confidence continue to drag on the recovery of the world39;s secondbiggest economy.

Reuters on Tuesday reported that the government was considering approving next week new debt issuance of more than 10 trillion yuan 1.4 trillion in the coming years.

According to the Caixin survey, incoming new orders placed with Chinese manufacturers increased at the quickest pace in four months. That also pushed production expansion to the quickest pace since June.

Manufacturers39; confidence about future output improved as their optimism levels climbed from September39;s low to the highest level in five months….