China Manufacturing Growth Slows October Amid Export Decline

China's manufacturing sector continued to expand in October 2025 but at a slower pace, with the PMI falling to 50.6 from 51.2 in September, reflecting softer growth in new orders and output amid rising trade uncertainty and a notable decline in export orders. Despite stronger domestic demand and sales promotions supporting new business, subdued external demand and trade concerns dampened overall growth and optimism among producers. Similarly, Ireland's manufacturing sector experienced its weakest growth in 10 months, with the PMI dropping to 50.9 as production stagnated and new business growth eased due to intense competition and weaker European demand. Input cost inflation in Ireland fell to a 17-month low, although wage and energy costs remained high, while manufacturers remained cautiously optimistic about future production increases driven by new product launches and market expansions. Both countries' manufacturing sectors are facing challenges from external market uncertainties and slowing export demand, impacting growth rates and business sentiment.