China's manufacturing activity shrank for the sixth straight month in October
PMI readings above 50 indicate expansion, while those below that level signal contraction.
Analysts polled by Reuters had expected October's official manufacturing PMI to remain flat. PMI readings above 50 indicate expansion, while those below that level signal contraction.The PMI is a survey of how businesses view the operating environment. Such data offer a first glimpse into what's happening in an economy, as they are usually among the first major economic indicators released each month.
. Pork prices — a staple food — have soared this year due to a viral outbreak, driving up food prices.
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