China's private factory gauge stays in expansion in October
The RatingDog manufacturing PMI held at 52.0 in October, S&P Global reported, while the official gauge fell further into contraction territory.
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what happened
S&P Global data released on Monday showed the RatingDog general manufacturing PMI edged down to 52.0 in October from 52.1 in September. It marks the 11th straight month of expansion, with output growing at the fastest pace in six months on solid inflows of new work.
New export orders rose for a fourth consecutive month, though the pace of growth slowed to a three-month low. Employment barely improved despite some hiring, and business confidence eased slightly. The official PMI, by contrast, unexpectedly dropped to 49.3 from 50.1.
why it matters
The RatingDog survey covers more private and smaller, export-oriented firms than the official gauge, so the gap between the two readings matters for judging how China's factories are really doing. For markets, it suggests exports are holding up while domestic demand and hiring remain weak.
market impact
Chinese stocks and the yuan: a weak official PMI against a steady private survey gives a mixed picture
- Yuan mixed — steady exports support the currency, while the weak official gauge holds it back
tags
instruments
sources
- China Private Manufacturing Gauge Shows Steady Expansion in October — Dow Jones Newswires, 2 November 2026 at 02:25 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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