China’s Manufacturing Slumps For Sixth Straight Month

Benzinga

China’s manufacturing sector contracted for a sixth consecutive month in October, with the PMI dropping to 49.0 amid renewed U.S.-China trade tensions. Sub-indexes for production, new orders, and employment all weakened, while a brief trade truce offered only limited optimism for recovery.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02China's manufacturing sector contracted in October for the sixth straight month

00:06as trade tensions with the U.S. reignited, according to CNBC.

00:11The manufacturing PMI fell to 49.0 from 49.8 in September,

00:17missing expectations for 49.6 and marking the weakest level since April.

00:22Subindexes for production, new orders, and employment all declined,

00:26signaling softer domestic demand and a deepening slowdown.

00:31The non-manufacturing PMI rose slightly to 50.1 amid golden week holiday activity,

00:36while the composite index slipped to 50, its lowest since December 2022.

00:42The downturn coincided with renewed U.S.-China trade frictions,

00:46though the two countries reached a temporary truce Thursday to ease tariffs

00:49and resume key commodity purchases.

00:52Analysts warn the deal may prove fragile without progress on broader disputes.

00:57For all things money, visit Benzinga.com.

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