China's manufacturing activity continued to shrink in October, albeit at a slower pace, as Covid-19 outbreaks and consequent tightening of prevention measures dampened production and demand.
The Caixin manufacturing Purchasing Managers' Index rose to 49.2 in October from 48.1 in the previous month, data from S&P Global showed on Tuesday. Nonetheless, the score has remained below the neutral 50.0 for the third straight month suggesting contraction.
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by Renju Jaya
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