China's manufacturing PMI at 49.0 in Oct
The purchasing managers' index of China's manufacturing industry came in at 49.0 in October, down 0.8 percentage points from the previous month, data released by the National Bureau of Statistics showed on Friday.
The non-manufacturing business activity index was 50.1 in October, up 0.1 percentage points from the previous month, moving into the expansionary range.
By industry, the business activity index for the service industry reached 50.2, also rising 0.1 percentage points month-on-month, while the business activity indexes for service industries including rail transport, air transport, postal services, accommodation, culture, sports and entertainment remained at or above the high expansion range of 60.0.
Furthermore, the composite PMI output index stood at 50.0 in October, down 0.6 percentage points from the previous month and hovering at the threshold, indicating that overall production and business activities of Chinese enterprises remained stable, according to the National Bureau of Statistics.
