Global EditionASIA 中文双语Français
Business
Home / Business / Policies

China's factory activity contracts in October

By Ouyang Shijia | chinadaily.com.cn | Updated: 2023-10-31 11:11
Share
Share - WeChat
This photo taken on Aug 24, 2023 shows the automated production of motor stator and rotor at a company in the Western Science city in Southwest China's Chongqing municipality. [Photo/Xinhua]

China's factory activity unexpectedly shrank in October after resuming expansion for the first time in half a year in September, official data showed on Tuesday.

China's official purchasing managers index for the manufacturing sector fell to 49.5 in October from 50.2 in September, below the 50-point mark that separates contraction from growth, the National Bureau of Statistics said on Tuesday.

"The level of economic prosperity has fallen in China, and the foundation for continued recovery still needs consolidation," Zhao Qinghe, an NBS statistician, said in a statement posted on the bureau's website.

The sub-index for production came in at 50.9 in October from 52.7 in September, while the gauge for new orders declined to 49.5 in October from 50.5 in September, the NBS said. 

China's non-manufacturing PMI came in at 50.6 in October, down from 51.7 a month earlier. Also, the country's official composite PMI, which includes both manufacturing and non-manufacturing activities, came in at 50.7 in October compared with 52 in September, according to the NBS.

ouyangshijia@chinadaily.com.cn

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE