MNI BRIEF: Oct RatingDog China Mfg. PMI Falls On Softer Output

China's RatingDog manufacturing PMI, previously known as the Caixin manufacturing PMI, came in at 50.6 in October, down from September's 51.2, staying in the expansionary zone above the 50 mark for the third month, due to a softer rise in output linked to a slowdown in new order growth, the publisher said on Monday.

The sub-indices for both demand and production slowed, though production-related sub-indices remained in expansion territory. The new export order sub-index fell sharply into contraction territory on heightened trade uncertainty in October, as market concerns about weakening exports persisted.

RatingDog PMI mainly tracks SME manufacturers. The official PMI released last Friday, which typically covers large state-owned companies, registered 49.0 in October, down from September's 49.8 reading.