BEIJING (AP) — China’s manufacturing improved in October, adding to signs the world’s second-largest economy might be recovering from its deepest slump since the 2008 global crisis, two business surveys showed Thursday.

The state-sanctioned China Federation of Logistics and Purchasing’s monthly purchasing managers index improved to 50.2 from September’s 49.8 on a 100-point scale on which numbers above 50 indicate activity is expanding. Separately, HSBC Corp. said its own PMI improved to an eight-month high of 49.5 from September’s 47.9, though it still showed activity contracting.