Chinese manufacturing activity shrinks in October- Caixin PMI
Investing.com-- Chinese manufacturing activity unexpectedly contracted in October, a private survey showed on Wednesday, pointing to broad declines in the sector after a government survey also showed a similar reading earlier this week. read 49.5 in October, missing expectations of 50.8 and falling from the 50.6 seen in the prior month. A reading below 50 indicates contraction, with the Caixin PMI contracting for the first time in three months.
Still, the two surveys signal a broad-based deterioration in Chinese manufacturing activity, with repeated stimulus efforts from Beijing providing only limited support to the sector. Manufacturing activity has largely struggled this year, with the Caixin PMI now indicating a contraction for five of the 10 months so far in 2023.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
China's Caixin Manufacturing PMI unexpectedly contracts to 49.5 in October vs. 50.8 expectedChina's Caixin Manufacturing Purchasing Managers' Index (PMI) unexpectedly dropped to 45.
Baca lebih lajut »
China's factory activity contracts in OctoberChina's factory activity contracts in October - Caixin PMI
Baca lebih lajut »
China's manufacturing PMI unexpectedly falls into contraction for OctoberAn official gauge of China's manufacturing activity unexpectedly fell into contraction after rising to expansion territory for one month in September,...
Baca lebih lajut »
AUD/USD consolidates its gains below 0.6400 ahead of Chinese PMI dataThe AUD/USD pair consolidates its recent gains during the early Asian session on Tuesday.
Baca lebih lajut »
Gold Price Forecast: XAU/USD remains capped below the $2,000 barrier, Chinese PMI data loomsGold price (XAU/USD) consolidates below the $2,000 psychological mark during the early Asian session on Monday.
Baca lebih lajut »
Asia FX spooked by weak Chinese PMI, yen slides on dovish BOJAsia FX spooked by weak Chinese PMI, yen slides on dovish BOJ
Baca lebih lajut »