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Manufacturing growth in China slows

  • China’s manufacturing growth slowed last month, according to an official survey.

    The Purchasing Managers Index (PMI) dropped from 51.1 in September to 50.8 in October, a lower than expected figure.

    Earlier data has shown that the Chinese economy is growing at the slowest pace in over five years.

    The third quarter growth was 7.3% from a year ago, down from the second quarter growth of 7.5%. 

    China has introduced measures aimed at stimulating consumer spending.

     

    Tagged as: China, manufacturing, growth, PMI, Chinese economy, consumer spending, business news