Bloomberg survey shows China's factory activity expanded, but growth slowed for the first time since July.
Bloomberg's survey indicates an expansion in China's factory activity, though the pace slowed for the first time since July. A private survey showed that the RatingDog China Manufacturing Purchasing Managers' Index (PMI) for October edged down to 52 from 52.1 in September, but remained above the 50-point threshold separating expansion from contraction, signaling continued growth in the manufacturing sector. This data aligns with the median forecast of economists surveyed by Bloomberg, offering further evidence of resilience among China's export-oriented enterprises.
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