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China's manufacturing PMI slides below 50 in October 2023

31 Oct '23

1 min read

Pic: Adobe Stock

Insights

China's manufacturing sector contracted in October ****, with the purchasing managers' index dropping to *9.* from *0.* in September ****.
The country's new-orders subindex fell to *9.* in October **** from *0.* a month earlier.
The new-export-orders subindex also declined to *6.* in October ****, indicating weaker demand internationally.

Notably, the new-orders subindex within the official manufacturing PMI also fell to **.* from **.* a month earlier. Additionally, the new-export-orders subindex declined to **.*, down from **.* in September, according to Chinese media reports.

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| China's manufacturing PMI slides below 50 in October 2023

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China's manufacturing PMI slides below 50 in October 2023

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