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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.