中国10月RatingDog制造业PMI 50.6 连续三月位于荣枯线上方

Group 1 - The manufacturing PMI in China for October is 50.6, indicating continuous improvement in manufacturing sentiment for the third consecutive month, although it is lower than the previous value of 51.2, suggesting a slowdown in growth during the survey period [1] - The decline in the manufacturing PMI is partly attributed to a weakening increase in production, which is linked to a slowdown in new order growth in October. Despite improvements in domestic demand and ongoing promotional efforts by companies, external demand remains weak, impacting overall growth [1] - New export orders experienced the most significant decline since May, attributed to increased trade volatility, leading manufacturers to express concerns about growth prospects, although overall expectations remain optimistic for the next 12 months [1] Group 2 - Despite rising costs, intense market competition has led some manufacturers to offer discounts, resulting in a decrease in average selling prices for the manufacturing sector for the second consecutive month, with the most significant drop since July [2] - Weak external demand has also prompted manufacturers to lower export prices for the first time since April [2] Group 3 - New business volume continues to increase, contributing to a slight recovery in manufacturing employment in October, marking the highest growth rate in over two years, as manufacturers increase staffing to handle current workloads [1] - Although production capacity is expanding, the backlog of work continues to rise [1]