PMI for Kina Service – læs hele meddelelsen her:
The Caixin China Composite PMI™ data (which covers both manufacturing and services)
pointed to only a marginal increase in Chinese business activity at the start of the fourth
quarter. At 51.0 in October, the Composite Output Index fell from 51.4 in September to signal the weakest pace of expansion since June 2016.
The softer increase in overall output was largely driven by a further slowdown in manufacturing production growth. Output at Chinese goods producers rose at only a marginal pace that was the weakest since June. Meanwhile, growth in Chinese services activity picked up from September’s 21-month low, but was modest overall and remained weaker than the historical average. This was highlighted by the seasonally
adjusted Caixin China General Services Business Activity Index rising from 50.6 to 51.2 in October.
New business increased across both the manufacturing and service sectors during October. Growth in new work picked up slightly at manufacturers, helped in part by a stronger upturn in export sales, but remained moderate overall. Services companies meanwhile registered a modest increase in new order books that was similar to that recorded in September.
Employment at the composite level was little-changed for the third month running in October, as further job shedding at manufacturers continued to offset hiring at services companies. Payrolls numbers at manufacturers declined at a modest pace, with a number of companies linking lower employment to company down-sizing policies. Meanwhile job creation at service providers remained marginal amid reports that
firms hired additional workers in line with business requirements.
