breaking news China October Manufacturing PMI 49.2 (expected 50.0) Services PMI 48.7 (expected 51.9)

China’s official PMI for October 2022.

Manufacturing 49.2

  • expected 50.0, before 50.1

Non-manufacturing 48.7

  • expected 51.9, before 50.6

Compound is 49.0

These are terrible results.

There was a long holiday in October, which really should have given retail and travel a boost.

But, it’s the same old story with China having another wave of covid cases towards the end of October.

Add to that the very sad real estate sector.


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