China: Softer real activity in October – Standard Chartered

Economists at Standard Chartered provide key insights into the official Chinese Manufacturing PMI report released on Wednesday.

Key Quotes:

“Official manufacturing PMI edged down to lowest level since February on slower production activity.

Trade performance likely deteriorated, with related PMI sub-indexes falling to lower levels.

Real activity growth may have moderated; CPI inflation likely edged up further to a 7-year high.

We expect money growth to have eased in October, credit growth to have stayed flat.”