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China's October Caixin Manufacturing PMI 49.5 (vs. 50.8 expected)

China's October Caixin Manufacturing PMI 49.5 (vs. 50.8 expected)
China's October Caixin Manufacturing PMI comes in, back in contraction, at 49.550.8 expected, prior was 50.6From the report, in brief:first contraction since Julyslower growth in overall salesweak foreign demandnew export orders shrunk for four consecutive monthsweaker-than-expected sales and the delayed shipment of goods led to the strongest rise in inventories of post-production items since September 2015manufacturers trimmed staffing levels for the second straight month, the rate of job shedd... Read More
Posted: Nov 1 2023, 01:45
Author Name: forexlive
Views: 112140

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