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China’s manufacturing contracts for third straight month

Staff writer ▼ | November 2, 2015
China’s manufacturing contracted for the third consecutive month in October in a sign of weakness in the world’s second-largest economy.
China manufacturing
Asian economy   Chinese PMI was 49.8 for October
The National Bureau of Statistics said that China’s purchasing managers’ index was 49.8 for October, the same figure as September.

A PMI reading above 50 indicates an expansion of manufacturing activity while those below 50 indicate contraction.

The official non-manufacturing PMI, which gauges the services sector, was 53.1 percent for October, down from September’s 53.4.