China factory growth slows in October as export orders ease, private PMI shows
The RatingDog China General Manufacturing Purchasing Managers’ Index fell to 52.0 as export order growth slowed and firms cut output prices.
- The RatingDog China General Manufacturing Purchasing Managers' Index edged down to 52.0 from 52.1 in September, beating a Reuters forecast of 51.6 in a survey released from BEIJING on Monday.
- Official PMI released on Saturday showed factory activity unexpectedly falling, contrasting with the private survey and raising fears in China as the country remains reliant on Export Growth.
- Output expanded at the fastest rate in six months, though Export order Growth slowed to a three-month low as makers of consumer and intermediate goods eased.
- Intense competition forced Business firms to cut prices as Output prices fell after rising in September, while Employment increased for a second straight month, though only marginally.
- Western countries have expressed concern over Chinese industrial expansion, with the Financial Times reporting it is "raising the prospect of further tensions with the EU and US.
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China factory growth slows in October as export orders ease, private ...
China's industrial activity grew at a steady pace in October, according to a private sector indicator, marking the 11th consecutive month that remains on the expanding terrain (over 50,0). Exclusive material for subscribers. To have full access, access the link of the material and register.
Index slowed down, informed Global S&P in partnership with RatingDog
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