China’s Factory Activity Seen Contracting for Fifth Straight Month: Reuters Poll

China’s Factory Activity Seen Contracting for Fifth Straight Month: Reuters Poll
A worker welds a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang Province, China on Sept. 2, 2019. China Daily via Reuters
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BEIJING—China’s factory activity is expected to have contracted for a fifth straight month in September, a Reuters poll showed, adding to the country’s economic woes as Beijing remains locked in an escalating trade war with the United States.

The official Purchasing Managers’ Index (PMI) for September is expected to remain flat at 49.5 from August, according to the median forecasts of 22 economists, below the 50-point mark that separates expansion from contraction on a monthly basis.