China’s factory activity contracted for second straight month in October
China’s factory activity contracted for second straight month in October

China’s factory activity contracted for second straight month in October

 

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China's factory activity contracted for a second consecutive month in October amid surging raw material prices, a shortage of power supply and softer domestic demand.

The official manufacturing Purchasing Manager's Index (PMI) came in at 49.2 last month, down from 49.6 in September, according to data released by the National Bureau of Statistics (NBS) on Sunday. The reading came below the 50-point mark that separates growth from contraction for the . . .

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