China’s Manufacturing PMI Falls to 49.0: A Warning Signal or Hidden Opportunity for Forex Traders?

China’s official Manufacturing Purchasing Managers’ Index (PMI) slipped to 49.0 in October, marking its lowest level in six months and tying April’s reading for the weakest point of the year. For traders and investors, this figure matters more than it may seem — because the PMI serves as an early pulse check on the health of the world’s second-largest economy.