Weak PMI Data Spurs Talk of More Action from PBOC

China’s factory activity continued to lose momentum in November, two surveys showed on Monday, underscoring the challenges manufacturers face amid a cooling economy and prompting talk of further aggressive intervention from authorities.

The official Purchasing Managers’ Index (PMI) fell to an eight-month low of 50.3, missing a forecast in a Reuters poll for a 50.6 and down from the 50.8 reading in October.

The HSBC final PMI reading for November, meanwhile, was unchanged from an initial six-month low reading of 50.0, which is right at the breakeven level that separates expansion from contraction.

CNBC

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.