China Manufacturing Sector Crawls into December
On Friday, the Chinese economy was in the spotlight again. After disappointing NBS private sector PMIs, the all-important Caixin Manufacturing PMI drew investor interest.
In November, the Caixin Manufacturing PMI increased from 49.5 to a three-month high of 50.7. Economists forecast a rise to 49.8.
According to the November survey,
- New orders increased at the most marked pace since June. Manufacturers attributed the increase to firmer market conditions.
- However, new overseas orders declined, highlighting the weak global demand environment.
- Purchasing activity expanded in November, while the rate of decrease in purchase stocks was less pronounced.
- Supply…
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