China official PMIs for October: Manufacturing 51.4 (vs expected 51.3) Services 56.2 (expected 56.0)

The manufacturing PMI fell from September but not by as much as expected (central median estimate). Manufacturing 51.4Non-manufacturing 56.2Composite 55.3 prior 55.1 Official Purchasing Manager’s Index (PMI) from China’s National Bureau of Statistics. All remain above 50 and in expansion.   China’s economy is still struggling out of the pandemic response earlier in the year, but […]

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