Skip to Content
AP National

China’s manufacturing slows for 2nd straight month in Oct

Pixabay / Pexels
By
Published 1:12 AM

By ZEN SOO
AP Business Writer

BEIJING (AP) — Official data show Chinese manufacturing activity contracted for a second straight month in October amid materials shortages and widespread power cuts. The National Bureau of Statistics said the official manufacturing purchasing managers index dipped to 49.2 in October, down from 49.6 in September. The index is measured on a 100-point scale on which numbers above 50 show activity increasing. The indicators are closely watched as a barometer of China’s economic growth. Analysts have warned activity may slow further as manufacturers grapple with the power crunch, shortages of materials and surging costs.

Article Topic Follows: AP National

Jump to comments ↓

The Associated Press

BE PART OF THE CONVERSATION

KYMA KECY is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content