The Mainland’s manufacturing Purchasing Managers’ Index (PMI) has exceeded its highest level in more than two years, Xinhua reports.

The Chinese government-run news agency says manufacturing PMI stood at 51.2 points last month, up from 50.4 points in September, in the highest reading since July 2014. A reading greater than 50 represents an expansion in activity and less than 50 indicates a contraction.

The report quoted National Bureau of Statistics of China senior statistician Zhao Qinghe, who said the expansion was due to better domestic demand, new drivers of growth, accelerated supply-side structural reform and higher commodity prices.

Non-manufacturing PMI stood at 54 points last month, up from 53.7 in September. Xinhua says this result was the highest reading so far this year.