-
China: Manufacturing production falls slightly in October
The latest PMI data signalled a renewed deterioration in overall manufacturing conditions across China in October, albeit one that was marginal overall. Firms registered a fresh fall in production amid slower growth in overall sales, with the latter dampened by weak foreign demand. As a result, goods producers trimmed their purchasing activity and ran down their inventories of inputs. Employment across the sector also fell, and at a quicker rate than in September. On the costs front, manufacturers signalled the quickest increase in average input prices since January, leading to a further rise in selling prices. At ... (full story)
-
China's factory activity contracts in October - Caixin PMI
China's factory activity unexpectedly contracted in October, a private survey showed on Wednesday, raising questions over the state of the country's fragile economic recovery at the start of the fourth quarter. Adding to a downbeat official manufacturing purchasing managers' index (PMI) on Tuesday, the survey suggested the manufacturing sector is still not on solid footing despite China's better-than-expected third quarter gross domestic product growth. The Caixin/S&P Global manufacturing PMI fell to 49.5 in October from 50.6 in September, marking the first contraction since July and missing analysts' forecasts of ... (full story)