Chinese manufacturing firms signalled that output stabilised in November, thereby ending a six - month sequence of reduction. Meanwhile, total new work continued to decline, and at a similarly modest rate to that seen in October, despite a pick up in new export business growth. Relatively soft overall client demand led firms to scale back their purchasing activity again in November, while inventories also declined . Deflationary pressures intensified over the month, as highlighted by sharper decreases in both input costs and output prices. Adjusted for seasonal factors, the Purchasing Managers’ Index™ (PMI™) – a ... (full story)