MNI China Business Indicator:
- Fell to 51.7 in October, eight month low
- A deterioration from September’s sharp decline to 52.2
Says MNI:
- While the indicator remains above the breakeven 50 line that separates expansion from contraction, the trend weakened further, with business sentiment below the average of 54.0 seen over the past 12 months
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- The MNI China Business Indicator is a survey of 200 companies
- Companies listed on the Shanghai or Shenzen exchanges
- A mix of manufacturing and service firms
