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China's pollution rules appear to slow manufacturing in October
CHINA's economy had a slower start to the fourth quarter, with manufacturing activity at its weakest in October as the Beijing's drive to curb pollution took a toll on industrial output, Caixin reports.
The official Manufacturing Purchasing Managers Index (PMI) fell to 51.6 in October from 52.4 the previous month, the weakest reading since July, said the National Bureau of Statistics (NBS).
The production subindex fell to 53.4 from 54.7 in September, the weakest since January. A number above 50 indicates activity expanded, while anything below 50 signals it contracted.
The official non-manufacturing PMI, which covers both the services and construction industries, declined to 54.3 in October from September's 55.4 - which was the strongest reading in more than three years.
The latest PMI readings provide "early hints of a post-Party Congress slowdown" in the world's second largest economy, said as analyst with Capital Economics.
The official Manufacturing Purchasing Managers Index (PMI) fell to 51.6 in October from 52.4 the previous month, the weakest reading since July, said the National Bureau of Statistics (NBS).
The production subindex fell to 53.4 from 54.7 in September, the weakest since January. A number above 50 indicates activity expanded, while anything below 50 signals it contracted.
The official non-manufacturing PMI, which covers both the services and construction industries, declined to 54.3 in October from September's 55.4 - which was the strongest reading in more than three years.
The latest PMI readings provide "early hints of a post-Party Congress slowdown" in the world's second largest economy, said as analyst with Capital Economics.
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