China factory PMI falls to 49.3 in October 2026
On Saturday 31 Oct 2026 at 7 AM (IST), China's National Bureau of Statistics (NBS) released the official October PMI figures: the manufacturing PMI came in at 49.3, down from 50.1 in September (a drop of 0.8 points). According to Trading Economics, the market expected 50.0, and this is the lowest reading since July. According to the NBS, the new orders index fell to 49.4 (down 1.1 points) and the production index to 49.8 (down 1.9 points). The PMI for large companies was 50.2, while medium and small companies were at 48.4 and 47.5. The non-manufacturing PMI (services + construction) fell from 50.2 to 49.7 (Trading Economics says the forecast was 50.5); construction was at 48.0 and services at 50.0. The composite PMI was 49.7, down 1.0 point. According to Trading Economics, domestic demand was sluggish as the effect of the Golden Week holidays faded, and overseas demand also weakened.
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