2023-11-30 01:04:29 ET
-
The official NBS Manufacturing PMI in China edged down to 49.4 in November 2023 from 49.5 in October, missing market forecasts of 49.7, and pointing to the lowest print since June.
-
New orders shrank faster (49.4 vs 49.5 in October), with foreign sales falling the most in four months (46.3 vs 46.8), and output expanded the least since July (50.7 vs 50.9), while employment continued to decline (48.1 vs 48.0).
-
China’s non-manufacturing PMI weakened to 50.2 in November from 50.6 in October. It was the 11th straight month of expansion in the service sector but the softest in the sequence.
-
The NBS Composite PMI Output Index in China edged down to 50.4 in November 2023 from 50.7 in the prior month, pointing to the lowest print since December 2022.
-
The latest figure highlighted that the Chinese economy needs more support from the government amid weak demand and a property downturn.
-
ETFs: ( FXI ), ( KWEB ), ( CQQQ ), ( MCHI ), ( ASHR ), ( YINN ), ( TDF ), ( CHIQ ), ( GXC ), ( EWH ), ( KBA ), ( YANG ), ( CXSE ), ( CAF ), ( CWEB ), ( PGJ ), ( KURE ), ( CHIX ).
-
Currency: ( CNY:USD )
-
China's industrial profits continue to shrink, but at slower pace
-
People's Bank of China injects more cash to support weak economy, keeps rates unchanged
-
China inflation: CPI, PPI shrink in October, deflationary pressure deepens
-
China manufacturing unexpectedly shrinks, services miss forecast in October
More on China economy:
For further details see:
China factory activity shrinks more than expected; service sector grew the least in 11 months