China's factory activity weakened in October as protracted COVID-19 restrictions disrupted production and subdued demand, a private-sector survey showed on Tuesday, suggesting a weaker economic recovery in the fourth quarter.
The Caixin/S&P Global manufacturing purchasing managers' index stood at 49.2 in October, up from 48.1 in September and slightly above analysts' expectations for 49.0. But the figure was still below the 50-point mark that separates growth from contraction on a monthly basis.into contraction last month, waning factory activity weighed on the fragile recovery of the world's second-biggest economy amid a deepening property crisis and weakening demand.
Supplier delivery times lengthened as surveyed firms attributed transportation delays to virus containment measures.
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