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China’s manufacturing PMI shows steeper-than-expected downturn
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 49.7. This was the lowest level since May 2023. The new orders subindex also fell after two consecutive months of increases, down to 48.8, the lowest level since August 2024. New export orders contributed to this decline, falling to a 6-month low of 45.9. ... (full story)
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From cnbc.com | Oct 30, 2025
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’ ...
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