China’s factory activity eased more sharply than expected in November, official data showed Monday, underscoring the challenges manufacturers face amid a cooling economy.
The official Purchasing Managers’ Index (PMI) fell to 50.3, missing a forecast in a Reuters poll for a 50.6 figure and down from the 50.8 reading in October.
Investors are now awaiting the HSBC final PMI reading for November due out later Monday. The flash reading released last month showed activity stalled, with the figure clocking in at the breakeven level of 50.0 that separates expansion from contraction
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015