China’s Factories Remain Steady in November

China’s manufacturing activity maintained its steady growth in November, a HSBC purchasing mangers’ index (PMI) released on Monday showed.

The final reading of the HSBC November PMI stood at 50.8, down a touch from 50.9 in October but better than a flash estimate of 50.4.

A number above 50 is consistent with expansion in manufacturing activity while a number below this level indicates a contraction.  The final HSBC PMI reading comes just a day after China said its official PMI stood at 51.4 in November, unchanged from the previous month and above market expectations. Factory growth held at an 18-month high.


This article 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 Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.