China manufacturing PMI for October 50.8 (51.2 expected)

Author: Eamonn Sheridan | Category: News

The official China manufacturing PMI from the National Bureau of Statistics for October has come in at 50.8

  • 51.2 was the median consensus expected, prior was 51.1
  • Falls to a five-month low in October
  • New orders down to 51.6 from 52.2
  • New export orders now in (mild) contraction at 49.9 from 50.2 in September
  • Inventories of finished goods at 47.9 vs. 47.2 prior
China PMI

China PMI

Initial comments focus on the weakness this indicates in the Chinese economy heading into Q4 and the likelihood of continued targeted stimulus measures