China’s Factory Activity Seen Contracting for Sixth Month on Trade Pressure: Reuters Poll

China’s Factory Activity Seen Contracting for Sixth Month on Trade Pressure: Reuters Poll
An employee works at a carbon fiber production line inside a factory in Lianyungang, Jiangsu Province, China on Oct. 27, 2018. Reuters
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BEIJING—China’s factory activity is expected to have shrunk for the sixth month in October, a Reuters poll showed, suggesting hardly any let up in pressure on the domestic and export sectors from slowing global demand and a trade war with the United States.

The official Purchasing Managers’ Index (PMI) for October was seen at 49.8, unchanged from September, but still below the 50-point mark that separates expansion from contraction, according to the median forecasts of 35 economists.