中国的工厂活动在2025年10月连续7个月缩减,而服务业略有增长。 China's factory activity contracted for the 7th straight month in October 2025, while services saw slight growth.

2025年10月,中国制造业PMI降至49.0,连续7个月收缩,是6个月的最低水平,表明由于产出和需求下降,工厂活动持续疲软。 China's manufacturing PMI fell to 49.0 in October 2025, marking the seventh consecutive month of contraction and the lowest level in six months, signaling ongoing weakness in factory activity due to declining output and demand. 同时,非制造业的PMI略有上升,达到50.1,表明服务略有扩大,原因是假日相关需求强劲,以及单日购物节期间邮政活动激增。 Meanwhile, the non-manufacturing PMI rose slightly to 50.1, indicating marginal expansion in services, driven by strong holiday-related demand and a surge in postal activity during the Singles' Day shopping festival. 建筑部门略有收缩,而服务业的商业情绪则保持积极。 The construction sector showed a slight contraction, while business sentiment in services remained positive. 总的来说,这些数据反映了脆弱的经济复苏,尽管得到政策支持,制造业仍面临持续挑战。 Overall, the data reflects a fragile economic recovery with persistent challenges in manufacturing despite policy support.