China's factory activity marks third contraction in four months
The industrial sector in China experienced a surprising downturn during October, marking the third time in a four-month period that factory activity has shrunk. According to a government survey released on Saturday, October 31, the nation's manufacturing output was hampered by a combination of weakening demand from international markets and sluggish consumption within the domestic economy. This latest data suggests that the momentum seen in previous months has faced significant headwinds as the year enters its final quarter.
Manufacturing PMI Misses Expectations
Data provided by the National Bureau of Statistics revealed that the official manufacturing purchasing managers' index, or PMI, slipped to 49.3. This figure represents a notable decline from the 50.1 reading recorded in September. The October result failed to meet the expectations of economists, as a poll
Source: forexfactory.com · 2026-10-31