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
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