China factory growth slows in October as export orders ease, private PMI shows
China's factory activity expanded at a marginally slower pace in October, with the private PMI edging down to 52.0. Export order growth slowed to a three-month low, though output rose at its fastest rate in six months, according to a survey by S&P Global.
China's factory activity expanded at a marginally slower pace in October as export order growth slowed, though output rose at its fastest rate in six months, a private survey showed on Monday.
The RatingDog China General Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, edged down to 52.0 in October from 52.1 in September, beating a forecast of 51.6 in a Reuters poll, the survey showed. The 50-mark separates growth from contraction. The reading contrasted with China's official PMI released on Saturday that showed factory activity unexpectedly falling.
The new orders index edged down to 53.3 from 53.4 in September. Growth in export orders slowed to a three-month low, as makers of consumer and intermediate goods eased while investment goods producers accelerated.
Output prices fell after rising in September, as intense competition forced firms to cut prices to support sales, while easing input costs also allowed for discounting. Export prices declined for the first time since November 2025.
Employment rose for a second straight month, but only marginally. The backlog of work increased for a ninth month as heavier workloads continued to strain capacity, the survey showed. Purchasing activity grew at the fastest pace since February, and stocks of purchased goods rose at the strongest pace in five months.
Business confidence remained positive but slipped to a nine-month low. Some firms cited elevated input prices and stiffer competition as concerns.