Chinese Manufacturing Activity Surpasses Expectations in November

China’s economy continued to show signs of stabilization in November with two separate manufacturing surveys on Thursday pointing to better-than-expected growth.

The official manufacturing Purchasing Managers’ Index (PMI), which measures large state-owned factories, came in at 51.7 in November–matching the previous high in July 2014 and the highest since the 53.3 hit in April 2012.

The official PMI was an improvement from 51.2 in October and beat Reuters analyst predictions of a 51.0 reading.

CNBC

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.