CFLP: Global manufacturing PMI keeps stable in Oct

The global manufacturing Purchasing Managers' Index (PMI) stayed at 49.7 in October, unchanged from the previous month, according to the latest data compiled by the China Federation of Logistics & Purchasing (CFLP).

By October, the index had been hovering between 49-50 for an eighth straight month, suggesting a steady recovery in the global economy, the CFLP release showed. Though ongoing geopolitical and trade tensions are weighing on growth, the momentum of globalization is unstoppable, and pursuing more extensive and in-depth economic cooperation