China RatingDog PMI Manufacturing October 2025 is 50.6
- anticipated 50.7, prior 51.2
China’s manufacturing unit exercise expanded at a slower tempo in October as new orders and output weakened amid tariff uncertainty and softer international demand, a non-public survey confirmed Monday.
The RatingDog China Basic Manufacturing PMI, compiled by S&P International, eased to 50.6 from 51.2 in September, with solely employment bettering month-on-month. The slowdown got here as U.S. tariff threats unsettled exporters, although President Donald Trump and President Xi Jinping later agreed to trim tariffs by 10% in alternate for restricted commerce concessions.
Factories reported their first rise in employment since March, whereas new export orders fell sharply and producers lower export costs for the primary time since April. Rising enter prices and weaker output costs continued to squeeze revenue margins. Analysts stated the downturn was compounded by the eight-day nationwide vacation, however famous Beijing is stepping up incremental help, together with 500 billion yuan in coverage financial institution funding and the identical quantity to bolster native funds.
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The softer PMI highlights fragile manufacturing momentum and ongoing commerce pressures, with Beijing’s incremental help aimed toward cushioning the slowdown.
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We had official PMIs on Friday final week, manufacturing was a disappointment:
