SHANGHAI -- China's factory activity fell unexpectedly in October, with the benchmark purchasing managers' index dropping below the 50-point level that indicates a contraction, snapping an upward trajectory that had continued since June.
Purchasing managers' index hits 49.5, ending five months of expansion
Employees assemble glass panels for mobile phones at a factory in Guizhou province in March. (CNS Photo via Reuters)
SHANGHAI -- China's factory activity fell unexpectedly in October, with the benchmark purchasing managers' index dropping below the 50-point level that indicates a contraction, snapping an upward trajectory that had continued since June.