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China's Manufacturing sector expansion resumes in October
Operating conditions in China's manufacturing sector improved at the start of the final quarter of the year. Higher new work inflows led to an acceleration in production growth. Firms also raised their purchasing activity and inventory holdings as confidence about future output heightened. That said, manufacturers remained cautious regarding workforce numbers, with employment falling again. Meanwhile input prices rose in October, albeit only marginally. This led to manufacturers raising selling prices slightly for the first time since June. The headline seasonally adjusted Purchasing Managers’ Index™ (PMI®) – ... (full story)
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- Posted: Oct 31, 2024 9:46pm
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 4,083
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