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Tags: AS | China | Manufacturing

China's October Factory Growth Cools as Output Weakens

Monday, 30 October 2017 10:38 PM

HONG KONG (AP) — An official survey says Chinese manufacturing activity expanded in October at a slower pace than the previous month as output weakened.

The purchasing managers' index released Tuesday fell to 51.6 from 52.4 in September.

The index is based on a 100-point index on which the 50 mark divides expansion from contraction.

The Federation of Logistics & Purchasing's report found that production and new orders grew at slower rates than the month before.

New export orders also faltered and showed almost no change.

A separate survey found China's services sector also lost momentum, with the official monthly non-manufacturing PMI falling to 54.3 from 55.4 the previous month.

The PMIs are widely watched leading indicators of essential parts of China's economy, the world's second biggest.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Asia
An official survey says Chinese manufacturing activity expanded in October at a slower pace than the previous month as output weakened.The purchasing managers' index released Tuesday fell to 51.6 from 52.4 in September.The index is based on a 100-point index on which the 50...
AS,China,Manufacturing
126
2017-38-30
Monday, 30 October 2017 10:38 PM
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