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.
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