China's Key PMIs Fell Below Threshold in October, Indicating Economic Contraction, Analysts Say
Experts said it’s now harder for the Chinese regime to cover up the economic decline, as PMI in multiple sectors fell below threshold.
TL;DR
- China's PMI in almost all sectors fell below the 50-point threshold in October.
- Manufacturing PMI decreased to 49.3.
- Construction industry activity index fell to 48.0.
- Non-manufacturing PMI dropped to 49.7.
- A PMI below 50 indicates economic contraction, while above 50 suggests expansion.