China's factory activity contracted for the 7th straight month in October 2025, while services saw slight growth.

China's manufacturing PMI fell to 49.0 in October 2025, marking the seventh consecutive month of contraction and the lowest level in six months, signaling ongoing weakness in factory activity due to declining output and demand. Meanwhile, the non-manufacturing PMI rose slightly to 50.1, indicating marginal expansion in services, driven by strong holiday-related demand and a surge in postal activity during the Singles' Day shopping festival. The construction sector showed a slight contraction, while business sentiment in services remained positive. Overall, the data reflects a fragile economic recovery with persistent challenges in manufacturing despite policy support.