Release time : 2015-06-15 12:33:51
China's manufacturing activity slowed sharply last month amid gloomy global economic outlook, an industry organization said Monday (Nov 3).
The China Federation of Logistics and Purchasing said its purchasing managers' index, a broad measure of new orders, exports and other factors,
fell to October's 44.6 from September's 51.2. It was the lowest level since the survey began in 2005.
A number above 50 indicates activity is growing, while a number below 50 shows it is contracting.
The federation explained that October's slowdown was driven by a downturn in export orders and demand for goods such as steel and machinery.