Chinese manufacturing expands in October but at slower pace

China’s manufacturing activity expanded in October for the eighth straight month, though at a slightly slower rate than in September

BEIJING — China’s manufacturing activity expanded in October for the eighth straight month, though at a slightly slower rate than in September, the National Bureau of Statistics said Saturday.

The Purchasing Managers Index stood at 51.4, down from 51.5 the previous month, the agency announced. A reading above 50 in the monthly survey of companies indicates expansion.

Manufacturing employment remained in negative territory with a reading of 49.3, a decline from 49.6 in September. China has struggled to get people back to work even as the pandemic has largely receded at home.

source.

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