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The Independent UK
The Independent UK
National
Zen Soo

Chinese factory activity contracts in October as pandemic recovery falters

Pandemic China Economy
Copyright 2023 The Associated Press. All rights reserved

An official survey of manufacturers shows China’s factory activity contracted in October, suggesting the economy remains on uneven footing.

The purchasing managers’ index, or PMI, fell to 49.5 in October on a 100-point scale, down from 50.2 last month, according to the National Bureau of Statistics and the China Federation of Logistics & Purchasing.

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