China’s official manufacturing PMI fell to 49.3 in October from 50.1 in September, missing the 50.0 forecast in a Reuters poll. Services and construction also slipped into contraction, with the non-manufacturing PMI at 49.7. Reuters reports weakness in both domestic demand and export orders, prompting economists to call for more policy support. The slowdown was uneven: production and new orders in several equipment and electronics industries remained above the expansion threshold.
Related currencies / asset groups: CNH
Reuters reports China’s official manufacturing PMI fell to 49.3 in October from 50.1 in September, below its poll forecast of 50.0.
malaysia.news.yahoo.comThe non-manufacturing PMI, covering services and construction, fell to 49.7 from 50.2 in September, Reuters reports.
malaysia.news.yahoo.comProduction and new orders gauges for several equipment and electronics manufacturing industries were at or above 53.0, Reuters reports.
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