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China’s official gauges measuring factory, construction and service activities all tumbled into contraction territory in October, signaling fresh signs of weakness in the world’s second-largest economy.
The official manufacturing purchasing managers index fell to 49.2 in October, compared with 50.1 in September, the National Bureau of Statistics said Monday. The result was also lower than 49.7 expected by economists polled by The Wall Street Journal.
China’s official non-manufacturing PMI, which covers service and construction activity, fell to 48.7 in October from 50.6 in September, dragged down by the slumping service sector and slower growth in construction activity, said the statistics bureau.
