Skip to content

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:
 

China’s Oct manufacturing PMI meets expectations

by ChemOrbis Editorial Team - content@chemorbis.com
  • 01/11/2017 (14:35)
Data released by China’s National Bureau of Statistics showed that China’s official manufacturing Purchasing Managers’ Index (PMI) decreased to 51.6 in October from the reading of 52.4 in September. A reading above 50 indicates expansion, while a reading below that signals contraction.

The growth rate, meanwhile, met the economists’ expectations of a reading around 51.

Manufacturing activity grew at the slowest pace in four months amid the ongoing environmental inspections and lower inventory levels.

Meanwhile, the country’s GDP expanded 6.8% on a yearly basis during the third quarter of 2017 from a 6.9% expansion in the previous quarter.
Free Trial
Member Login