China’s factory activity expanded at a marginally slower pace in October, with the RatingDog general manufacturing PMI, compiled by S&P Global, easing to 52.0 from 52.1 in September and beating a Reuters poll forecast of 51.6. New orders edged down to 53.3 from 53.4 and export order growth slowed to a three-month low, while output rose at its fastest rate in six months and purchasing activity grew at its fastest pace since February. Output prices fell after rising in September as firms cut prices to support sales, and the reading contrasted with the official PMI released on Saturday, which showed factory activity unexpectedly falling.
China factory activity eases to 52.0 in October, RatingDog PMI
The RatingDog China general manufacturing PMI edged down to 52.0 in October from 52.1 in September, beating a Reuters poll forecast of 51.6, as export order growth slowed to a three-month low while output rose at its fastest pace in six months.
Why it matters: The private survey keeps Chinese manufacturing in expansion even as the official PMI, released on Saturday, showed activity unexpectedly falling, and the softening in export orders is the pressure point for an export-led expansion.
Data as of RatingDog China general manufacturing PMI for October 2026, compiled by S&P Global and released Monday, November 2, 2026, as reported in full by Reuters and read via syndication in this run; Bloomberg's accessible text carried the same 52.0 headline reading. Developing item.
Sources
- China factory growth slows in October as export orders ease, private PMI shows - Reuters - 2026-11-02
- Chinese factory activity cools with slowdown in export orders - Bloomberg - 2026-11-01