China's October official PMI edges down to 50.8

BEIJING (Reuters) - China's factory sector grew in October but at a pace that was slightly slower than expected, underlining the challenges facing the sector as manufacturers fight rising costs and softening demand in a cooling economy. 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. ...

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