China’s official PMI for October 2022.
- expected 50.0, before 50.1
- 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.