A_AT0 government_NN1 survey_NN1 of_PRF manufacturing_NN1 activity_NN1 released_VVN over_PRP the_AT0 weekend_NN1 fell_VVD for_PRP a_AT0 second_ORD straight_AJ0 month_NN1 ,_PUN down_AVP to_PRP 49.2_CRD in_PRP October_NP0 from_PRP September_NP0 's_POS 49.6_CRD ._SENT Any_DT0 reading_NN1 below_PRP 50_CRD indicates_VVZ contraction_NN1 ._SENT Manufacturing_NN1 in_PRP China_NP0 has_VHZ been_VBN battered_VVN by_PRP a_AT0 handful_NN1 of_PRF problems_NN2 ,_PUN including_PRP an_AT0 energy_NN1 crunch_NN1 ,_PUN shipping_VVG delays_NN2 and_CJC rising_AJ0 inventories_NN2 ._SENT "_PUQ It_PNP is_VBZ clear_AJ0 that_CJT economic_AJ0 momentum_NN1 is_VBZ slowing_VVG quickly_AV0 and_CJC supply_VVB chain_NN1 pressures_NN2 are_VBB compounding_VVG this_DT0 weakness_NN1 ,_PUN "_PUQ wrote_VVD Mitul_NP0 Kotecha_NP0 ,_PUN chief_AJ0 emerging_AJ0 markets_NN2 Asia_NP0 and_CJC Europe_NP0 strategist_NN1 at_PRP TD_NN1 Securities_NN2 ,_PUN in_PRP a_AT0 Monday_NP0 research_NN1 note_NN1 ._SENT "_PUQ While_CJS we_PNP could_VM0 see_VVI some_DT0 relief_NN1 for_PRP manufacturers_NN2 in_PRP the_AT0 months_NN2 ahead_AV0 ,_PUN the_AT0 supply_NN1 crunch_NN1 appears_VVZ well_AV0 entrenched_AJ0 ._SENT "_PUQ The_AT0 global_AJ0 shipping_NN1 crisis_NN1 has_VHZ created_VVN chaos_NN1 worldwide_AV0 ,_PUN with_PRP many_DT0 major_AJ0 companies_NN2 recently_AV0 acknowledging_VVG that_CJT clogged_AJ0 ports_NN2 ,_PUN missing_VVG parts_NN2 and_CJC higher_AJC costs_NN2 are_VBB hurting_VVG business_NN1 ._SENT It_PNP 's_VBZ a_AT0 concern_NN1 that_CJT will_VM0 weigh_VVI on_PRP the_AT0 final_AJ0 quarter_NN1 of_PRF the_AT0 year_NN1 ,_PUN a_AT0 critical_AJ0 holiday_NN1 season_NN1 for_PRP many_DT0 retailers_NN2 ._SENT Not_XX0 all_DT0 of_PRF the_AT0 data_NN0 out_AVP of_PRF China_NP0 has_VHZ been_VBN bad_AJ0 ._SENT A_AT0 private_AJ0 survey_NN1 of_PRF factory_NN1 data_NN0 on_PRP Monday_NP0 from_PRP media_NN0 group_NN1 Caixin_NN1 ,_PUN which_DTQ focuses_VVZ more_AV0 on_PRP smaller_AJC and_CJC medium-sized_AJ0 companies_NN2 ,_PUN showed_VVD an_AT0 increase_NN1 from_PRP 50_CRD in_PRP September_NP0 to_PRP 50.6_CRD in_PRP October_NP0 ._SENT Caixin_NP0 attributed_VVD the_AT0 pickup_NN1 in_PRP its_DPS index_NN1 to_PRP recovering_VVG domestic_AJ0 demand_NN1 ,_PUN but_CJC noted_VVD that_CJT the_AT0 power_NN1 crunch_NN1 and_CJC a_AT0 shortage_NN1 of_PRF raw_AJ0 materials_NN2 has_VHZ hurt_VVN supply_NN1 ._SENT Economists_NN2 at_PRP Capital_NN1 Economics_NN1 pointed_VVD out_AVP that_CJT an_AT0 average_NN1 of_PRF the_AT0 two_CRD surveys_NN2 still_AV0 indicates_VVZ that_CJT more_DT0 firms_NN2 are_VBB reporting_VVG a_AT0 fall_NN1 in_PRP activity_NN1 than_CJS a_AT0 rise_NN1 ,_PUN indicating_VVG that_CJT output_NN1 overall_NN1 has_VHZ been_VBN constrained_VVN ._SENT "_PUQ Respondents_NN2 to_PRP the_AT0 surveys_NN2 noted_VVD that_CJT reduced_AJ0 power_NN1 supply_NN1 ,_PUN material_NN1 shortages_NN2 and_CJC high_AJ0 input_NN1 costs_NN2 held_VVD back_AVP output_NN1 ,_PUN "_PUQ wrote_VVD Sheana_NP0 Yue_NP0 ,_PUN assistant_AJ0 economist_NN1 at_PRP Capital_NN1 Economics_NN1 in_PRP a_AT0 Monday_NP0 note_NN1 ._SENT As_CJS the_AT0 cost_NN1 of_PRF materials_NN2 continues_VVZ to_TO0 rise_VVI worldwide_AV0 ,_PUN analysts_NN2 expect_VVB supply_NN1 bottlenecks_NN2 to_TO0 persist_VVI well_AV0 into_PRP next_ORD year_NN1 ._SENT The_AT0 Chinese_AJ0 government_NN1 has_VHZ taken_VVN steps_NN2 to_TO0 address_VVI some_DT0 of_PRF the_AT0 issues_NN2 ._SENT Early_AJ0 last_ORD month_NN1 ,_PUN for_PRP example_NN1 ,_PUN China_NP0 ordered_VVD coal_NN1 mines_NN2 to_PRP ramp_NN1 up_PRP production_NN1 ,_PUN just_AV0 months_NN2 after_PRP ordering_VVG the_AT0 opposite_NN1 to_TO0 rein_VVI in_PRP carbon_NN1 emissions_NN2 ._SENT But_CJC analysts_NN2 noted_VVD that_CJT those_DT0 efforts_NN2 are_VBB n't_XX0 providing_VVG immediate_AJ0 relief_NN1 ._SENT "_PUQ The_AT0 government_NN1 's_POS strong_AJ0 measures_NN2 to_TO0 cap_VVI key_AJ0 coal_NN1 price_NN1 and_CJC boost_NN1 coal_NN1 production_NN1 may_VM0 take_VVI time_NN1 to_TO0 resolve_VVI the_AT0 electricity_NN1 shortage_NN1 ,_PUN "_PUQ wrote_VVD Ken_NP0 Cheung_NP0 Kin_NP0 Tai_NP0 ,_PUN chief_AJ0 Asian_AJ0 foreign_AJ0 exchange_NN1 strategist_NN1 at_PRP Mizuho_NP0 ._SENT 
