China's manufacturing activity contracted in October as firms reported a fresh decline in production amid weak foreign demand, survey results released by S&P Global showed on Wednesday. The Caixin manufacturing Purchasing Managers' Index dropped to 49.5 in October from 50.6 in the previous month. The sector contracted for the first time since July.
There was a renewed fall in manufacturing production in October. Although moderate, the decrease contrasted with modest growth in the previous two months.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.