From the Wall Street Journal, October 30:
The official manufacturing purchasing managers index slid to 49.0 for October, from 49.8 in September
An official gauge of China’s official manufacturing activity fell markedly for October, signaling mounting growth headwinds in the world’s second-largest economy at the start of the final quarter of the year.
The official manufacturing purchasing managers index slid to 49.0 for October, from 49.8 in September, China’s National Bureau of Statistics said Friday.
The result missed the 49.6 forecast by economists in a Wall Street Journal survey, marking the seventh straight month below the 50 threshold that separates activity expansion from contraction.
The production subindex declined to 49.7 from 51.9 in September, ending five months of expansion. The subindex for total new orders slid to 48.8 in October from to 49.7 in September, while new export orders fell to 45.9 from 47.8 in September....
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To anthropomorphize, Chinese equities seem rather dispirited, with the CSI 300 index down 48.14 (-1.02%) at 4,661.77.
