China: Manufacturing steady in November

In November, the Purchasing Managers Index (PMI) remained at the previous month’s 51.4 points, according to the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP), which publish the index. As a result, the PMI remains at the highest level since April 2012. The print overshot market expectations of a deterioration to 50.8 points. The index remains above the 50-point threshold that separates expansion from contraction in the manufacturing sector.

Read more about Chinese PMI.

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