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China's factory activity unexpectedly contracts in November, missing estimates, private survey shows
The RatingDog China General Manufacturing PMI fell to 49.9 in November from 50.6, indicating contraction due to soft domestic demand and slowing new orders, S&P Global data showed.
- On Dec 1 in Beijing, the private RatingDog China General Manufacturing PMI fell to 49.9 in November from 50.6, missing analysts' 50.5 expectation and signaling contraction.
- Amid weak home demand, Chinese manufacturers cut purchases, shortened lead times and absorbed higher metal costs while trimming output charges in November.
- The RatingDog private survey of 650 manufacturers showed stocks of finished goods fell at the fastest pace in nearly three years, said Yao Yu, 'On the demand side, although new export orders picked up in November, this trend failed to reverse the sluggish state of the manufacturing sector.'
- Economists cautioned that growth may slow below 4.5% in the fourth quarter, and investors are eyeing policy signals from the Central Economic Work Conference in December as industrial profits contracted in October.
- After a temporary trade truce following President Donald Trump's meeting with Chinese leader Xi Jinping, the official non-manufacturing PMI fell to 49.5, and exports contracted 1.1% year-on-year.
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19 Articles
China Factory Gauge Unexpectedly Dips in Sign of Deeper Slowdown
China’s manufacturing activity surprisingly contracted in November for the first time in four months as new orders almost stalled, according to a private survey, adding to worrying signs about the economy’s deepening slowdown.
·United States
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The Economic Times
The Economic TimesChina's November factory activity swings back to decline, private PMI shows
China's factory activity in November contracted slightly as production growth came to a halt and new orders slowed, a private-sector survey showed on Monday. The RatingDog China General...
China's November Factory Activity Swings Back to Decline ...
·New York, United States
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Total News Sources19
Leaning Left2Leaning Right0Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 29%
C 71%
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