Manufacturing growth shows further fall in October
By Agencies | China Daily | Updated: 2014-11-03 07:38
China's manufacturing growth declined further in October amid a slowing economy and languishing global demand, according to a survey released on Saturday.
The China Federation of Logistics and Purchasing said its purchasing managers' index dropped by 0.3 from September to 50.8.The index is a 100-point scale on which any number above 50 indicates an expansion of manufacturing.
The deceleration reflects a slowing of China's economic growth to a five-year low of 7.3 percent in the third quarter of the year.
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