China factory growth seen easing slightly in October - RTRS poll
Results of the latest Reuters poll showed on Monday that a majority of the economists surveyed see the Chinese manufacturing activity slowing down this month, in response to the Govt’s crackdown on air pollution.
Key Findings:
'The official manufacturing Purchasing Managers’ Index (PMI) on Tuesday is expected to come in at 52.0 for October, down from 52.4 in September, which was the highest in over 5 years, according to a median forecast of 36 economists polled by Reuters.
Economists expect the findings of a private survey on China’s factory activity on Wednesday will show activity in October expanded a similar rate to the previous month.
They predict the private Caixin/Markit Manufacturing Purchasing Managers’ index (PMI) will be unchanged at 51.0 in October versus the previous month.
The government began a major crackdown on air pollution, ordering many steel mills, smelters and factories to curtail or halt production over the winter.'
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
