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China manufacturing slump deepens to 6-month low in October, as PMI misses estimates
China’s manufacturing activity in October contracted more than expected, shrinking to the lowest level in six months, an official survey showed on Friday, as trade tensions with Washington reignited during the month. The official manufacturing purchasing managers’ index came in at 49.0, data from the National Bureau of Statistics showed, missing economists’ expectations for 49.6 in a Reuters poll. A reading above the 50 benchmark indicates growth while one below that suggests contraction. The latest reading reversed the recovery in recent months, after the PMI rose to a six-month high of 49.8 in September, ... (full story)
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From think.ing.com | Oct 31, 2025
China's official manufacturing purchasing managers’ index slowed to 49.0, down from 49.8. This marked a 6-month low, tying April for the lowest level of the year. It came in below expectations for a smaller moderation to 49.6. The slowdown was seen across all the major subcategories. Production fell into contraction for the first time in 6 months, down to ...
There's good news and bad news in today's macro data (what scarce data there is). MNI's Chicago Business Barometer (PMI) printed a better than expected 43.8 (42.3 exp), up from the prior 40.6... chart There's a little more good news as seven of the underlying components rose vs last month: • Prices paid rose at a faster pace; signaling expansion • New ...
Three-digit tariffs are off the table, but import duties on each other are higher than in January. Rare earth materials will flow more smoothly, but China has put in place an export permitting regime that it can tighten or loosen as needed. Port fees will go away, but only for one year. And Beijing is again buying U.S. soybeans after it had abruptly cut off ...
