China's Manufacturing Sector Declined to a Six-Month Low in October.

Negative Signals in China's Manufacturing Sector

China's manufacturing activity contracted in October, showing a decline that exceeded expectations, reaching its lowest level in the last six months. According to official data released on Friday, the renewed trade tensions with Washington played a significant role in this negative development.

PMI Decline According to Official Data

According to data published by the National Bureau of Statistics, the manufacturing purchasing managers' index (PMI) registered at 49.0 in October. This figure fell short of the 49.6 level predicted by economists, and remaining below 50 indicates a contraction.

Monthly Developments and Index Changes

The latest data revealed that the recovery seen in previous months has come to an end. In September, the PMI reached 49.8, marking the highest level in the last six months. This reflects a significant decline from values recorded at 49.4 in August and 49.3 in July.

Contraction Widening

According to official data, all sub-indices monitoring production, new orders, raw material stocks, and employment have further declined into the contraction zone, raising concerns about the slowdown in the manufacturing sector and weak demand.