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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by Renju Jaya
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