China PMI Contracts Across the Board in October
China's official PMI data for October came in below the 50 expansion threshold across manufacturing, non-manufacturing, and composite readings, signaling a broad economic contraction.
What we know
China's Composite PMI fell to 49.7 in October, with Factory PMI at 49.3 (down from 50.1 in September) and Non-Manufacturing PMI at 49.7 (down from 50.2). All three readings below the 50 contraction/expansion threshold, a notable reversal from the prior month.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.