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2025.11.0501:49:34UTC+00China RatingDog Composite PMI Falls to 3-Month Low

The RatingDog China General Composite PMI dropped to 51.8 in October 2025, down from 52.5 in September, reaching its lowest point since July. Despite the decline, the index continued to indicate growth in the private sector for the fifth consecutive month. This slowdown was attributed to slower increases in output across both manufacturing and services sectors, with total new orders growing at a reduced rate due to renewed downturns in foreign demand. Employment numbers continued to fall for the third consecutive month, as companies reported easing capacity pressures. On the cost front, pressures intensified; however, both manufacturers and service providers lowered their selling prices in an attempt to bolster demand. Lastly, business confidence diminished as firms expressed broader pessimism regarding future output.

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