Growth in China’s manufacturing sector slowed in October, an official survey suggests, reinforcing concerns about a slowdown in the wider economy.
The country’s Purchasing Managers Index (PMI) fell to a lower-than-expected 50.8, from 51.1 in the previous month. Any score above 50 represents growth.
Analysts had forecast a small rise in the pace of growth.
Recently released figures showed the wider Chinese economy growing at its slowest pace for more than five years.
Growth between July and September was 7.3% compared with a year earlier, down from 7.5% in the previous quarter.
“There remains downward pressure on the economy, and monetary policy will remain easy,” said analysts at China International Capital after the PMI data was published on Saturday.
via BBC
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