China Manufacturing Growth Slows As Export Orders Contract On Trade Tensions

Benzinga

China’s manufacturing growth slowed in October as the RatingDog PMI slipped to 50.6, barely above the expansion mark. Export orders fell sharply amid renewed U.S.-China trade tensions, though a temporary deal between Trump and Xi offered short-term relief. Job creation rose to a two-year high.

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

00:02China's manufacturing activity grew in October, but at a slower pace than expected,

00:07signaling weakening momentum toward year-end, according to Bloomberg.

00:12The rating dog manufacturing PMI slipped to 50.6 from 51.2,

00:17just above the expansion threshold and below economists' forecast of 50.7.

00:22New export orders fell at their fastest pace since May,

00:26and producer Optimism hit a six-month low, partly due to October's extended holiday.

00:32Rating dog founder Yao Yu said rising trade uncertainty in October

00:36drove export orders into contraction and dampened overall production growth.

00:41Trade tensions over export controls between the U.S. and China escalated in October,

00:46but were temporarily eased by a deal between Trump and Xi.

00:50Job creation reached a two-year high, driven by steady new work inflows.

00:54For all things money, visit Benzinga.com.

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