China Factory PMI Falls to 49.3 in October as Growth Target Pressure Mounts
Updated
Updated · Bloomberg · Oct 31
China Factory PMI Falls to 49.3 in October as Growth Target Pressure Mounts
3 articles · Updated · Bloomberg · Oct 31
Summary
China’s official manufacturing PMI slipped to 49.3 in October from 50.1 in September, dropping back into contraction and missing the 49.9 median economist forecast.
The sub-50 reading signals factory activity weakened as policymakers struggle to keep the recovery on track and support growth through year-end.
Saturday’s data adds to evidence of economic wobble, sharpening pressure on Beijing to stabilize demand if it wants to meet this year’s growth target.