China Manufacturing Growth Eases In October But Remains Strong
October 31, 2020
6:01 pm
Factory activity in China dipped slightly in October, according to official data published Saturday, but remained in growth territory as the worldβs second-largest economy continued its recovery after being hammered by the coronavirus.
The closely watched Purchasing Managersβ Index (PMI) is a key gauge of manufacturing activity in China, which has largely bounced back after plunging in February because of tough pandemic-control measures.
In October, the PMI figure stood at 51.4, slightly below the reading of 51.5 for September. Any figure above the 50-point mark represents growth while below …
