Manufacturing production down in China in October
Goods producers trim their purchasing activity in October
ISTANBUL
The Chinese manufacturing sector saw a renewed deterioration in overall conditions last month, while companies posted a slight decline in production.
According to data provider S&P Global's press release on Wednesday, weaker domestic demand affected overall sales severely in October.
"As a result, goods producers trimmed their purchasing activity and ran down their inventories of inputs," it added.
The number of employed persons also fell in October, at a faster rate than in September.
"On the costs front, manufacturers signaled the quickest increase in average input prices since January, leading to a further rise in selling prices," S&P Global said.
The country's purchasing managers' index (PMI) for the manufacturing sector was down to 49.5 from 50.6, month-on-month in October.
"Though only marginal, it was the first time that a deterioration has been recorded since July," it added.
