15:09 - 27.11.2025

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November 27, Fineko/abc.az. In October, the Chinese industrial sector experienced a sharp drop in revenue. The profit of enterprises decreased by 5.5% year-on-year, which is the worst result in the last 5 months (since June).

ABC.AZ informs that the decline crossed out the double-digit growth seen in August and September.

In the first 10 months of the year, the combined profits of large industrial firms increased by 1.9%, indicating a slowdown from 3.2% in the period from January to September.

The October statistics paint a gloomy picture of the state of the world's second economy. The Purchasing Managers’ Index (PMI) fell to a six-month low of 49 (a reading below 50 indicates a recession). Retail sales grew by only 2.9%, the weakest growth in more than a year. Investments in fixed assets decreased by 1.7% in 10 months - such a drop has not been observed since the pandemic of 2020.