China's October factory growth unexpectedly hits five
Credit: Reuters/Stringer
An employee works at the production line of an automobile factory in Dalian, Liaoning province, October 18, 2014.
The official Purchasing Managers' Index (PMI) eased to 50.8 in October from September's 51.1, but above the 50-point level that separates growth from contraction on a monthly basis.
Analysts polled by Reuters had forecast a reading of 51.2.
The data followed warnings by China's industrial ministry on Friday that factories were under pressure from high borrowing costs, which were further exacerbating the sector's slowdown.
(Reporting by Koh Gui Qing; Editing by Kim Coghill)
Post a Comment for "China's October factory growth unexpectedly hits five"