Industry News
China Manufacturing PMI Falls to 49.3 in October Signaling Factory Contraction
China's official manufacturing purchasing managers' index declined to 49.3 in October from 50.1 in September, dropping below the 50-point threshold separating expansion from contraction. Weakening domestic and export orders drove the contraction, though high-tech and equipment manufacturing continued to expand. Non-manufacturing and composite gauges also slipped into contraction at 49.7.
