Latest News

Dow Jones Newswires: China Caixin manufacturing PMI points to third straight month of contraction

0

A private gauge of activity in China’s manufacturing sector remained in contractionary territory in October, as Covid-19 containment measures weighed on both output and demand.

The China Caixin manufacturing purchasing managers index rose to 49.2 in October from 48.1 in September, according to data released Tuesday by Caixin Media Co. and S&P Global.

A reading above the 50 mark suggests activity expansion while one below that level indicates activity contraction.

On Monday, China’s statistics bureau said the official manufacturing PMI fell to 49.2 in October from 50.1 in September.

Dow Jones Newswires: Australia’s consumer confidence drops as inflation expectations jump

Previous article

: ‘Home prices are slowing’: Report says home price growth continues to slow in September as rates continue to stay above 7%

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News