NBS: October PMI at 49.3, versus 49.8 in Sept
China’s official manufacturing purchasing managers’ index (PMI) stood at 49.3 in October, down from 49.8 in September and below the expectation of 49.8; the non-manufacturing PMI came in at 52.8 in October, below the expectation of 53.6 and down from 53.7 in September, according to the data released by the National Bureau of Statistics (NBS) on October 31.
China’s manufacturing PMI was 49.3% in October 2019, down 0.5 percentage point from the previous month.
In terms of enterprise scale, the PMI of large-sized enterprise was 49.9%, down 0.9 percentage point from last month; that of medium-sized enterprise was 49.0%, up 0.4 percentage point from last month; and that of small-sized enterprise was 47.9 per cent, down 0.9 percentage point from last month.
Among the five sub-indexes composing PMI, production index and supplier distribution time index were higher the threshold, while new orders index, main raw material inventory index and employment index were lower than the threshold.
Fig.: Manufacturing PMI (Seasonally Adjusted)
