China’s RatingDog manufacturing PMI reached 52.0 in October, above the 51.6 Reuters-poll forecast but slightly below September’s 52.1, InvestingLive reports. Output grew at its fastest pace since April, contrasting with the official survey’s contraction. The strength came with discounting: factory-gate and export prices fell, while confidence hit a nine-month low. The surveys cover different firms, so the private-sector result qualifies rather than overturns the broader slowdown.
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InvestingLive reports stronger private-factory activity alongside price competition and weak confidence.
The RatingDog China General Manufacturing PMI was 52.0 in October, versus 52.1 in September and a 51.6 median forecast in a Reuters poll.
InvestingLive / ForexLiveOutput and export prices fell amid competition, while business confidence reached a nine-month low.
InvestingLive / ForexLiveLimitation: the more export-oriented private survey differs in coverage from the official survey.
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