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Caixin China General Manufacturing PMI
PMI data signalled a further modest improvement in the health of China’s manufacturing sector during November. New business rose strongly, which underpinned a further solid increase in production. Notably, new export orders saw the first back-to-back monthly rise for over a year-and-a-half. Staffing levels were broadly stable following a seven-month sequence of decline, but capacity pressures persisted, with backlogs of work expanding again. Average input costs meanwhile rose marginally, while factory gate charges fell slightly amid reports of a general drop in market prices. Despite further increases in output and ... (full story)
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A private survey shows China’s manufacturing activity expanded more than expected in November
A private survey on Monday showed China’s manufacturing activity expanded more than expected in November as the Caixin/Markit manufacturing Purchasing Managers’ Index (PMI) came in at 51.8 The index was expected to have fallen to 51.4 in November from 51.7 in October, according to economists polled by Reuters. PMI readings above 50 indicate expansion, while those below that level signal contraction. China’s official PMI was 50.2 in November, up from 49.3 in October to hit its highest level since March, China’s National Bureau of Statistics said on Saturday. The data come as U.S. and China remained locked in a ... (full story)