China Private Factory PMI Seen Easing to 51.6 as Official Gauge Slips to 49.3
Updated
Updated · investinglive.com · Nov 1
China Private Factory PMI Seen Easing to 51.6 as Official Gauge Slips to 49.3
3 articles · Updated · investinglive.com · Nov 1
Summary
China’s private-sector manufacturing PMI is expected at 51.6 for October, down from 52.1 but still above the 50 line that signals expansion.
The forecast lands after Saturday’s official manufacturing PMI fell to 49.3 from 50.1, with new export orders dropping to 48.7 and raising doubts about fourth-quarter momentum.
The two surveys often diverge because the RatingDog index tracks about 650 firms—more export-oriented and surveyed later in the month—while the official PMI covers more than 3,000 companies.
A reading near consensus would suggest the official weakness was largely seasonal; a sharper miss could intensify calls for policy support and move the yuan, Australian dollar and industrial metals.