China October Services PMI 48.4 (prior 49.3)

Offical PMIs here:

• China Oct Manufacturing PMI 49.2 (expected 50.0) Services PMI 48.7 (expected 51.9)

Caixin / S&P Global PMIs for October 2022 in contraction also.

Services 48.4

• prior 49.3

Composite 48.3

• prior 48.5

COVID restrictions once again cited as the culprit for softer economic activity.

Everyone in contraction!