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China's factory activity shrinks for eighth month in November, PMI shows
The manufacturing purchasing managers index rose slightly to 49.2 but remained below 50, signaling ongoing contraction amid weak real estate and auto sectors, analysts said.
- Last week, China's National Bureau of Statistics said the official manufacturing PMI rose slightly but stayed below the 50 threshold as China's factory activity contracted for the eighth straight month.
- Property-Market weakness has undercut consumer demand as falling home prices hurt confidence and real-estate investment, while price competition in the auto industry pressures many businesses.
- Song wrote that the PMI contraction was in line with expectations, while the broader economy expanded 4.8 per cent in the July-September quarter.
- Officials' growth ambitions face mixed policy signals from economists as Chinese officials maintain a roughly five per cent target for 2025, while Lynn Song wrote `This year's growth target is likely to require minimal additional support to be reached`.
- After the October 30 meeting, US tariff signals added a modest boost to export optimism as US President Donald Trump said tariffs on Chinese goods would be cut.
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Free Malaysia Today NewsChina’s factory activity extends months-long slump
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·Taipei, Taiwan
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Factory activity in China has slowed for the eighth consecutive month. The PMI data from China's National Bureau of Statistics is likely to raise concerns for the Dragon.
China's manufacturing PMI rises to 49.2 in November
China's manufacturing activity improved slightly in November, with the official purchasing managers' index (PMI) rising to 49.2, up 0.2 points from October, according to data released by the National Bureau of Statistics on Sunday.
·Beijing, China
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Coverage Details
Total News Sources48
Leaning Left9Leaning Right9Center11Last UpdatedBias Distribution38% Center
Bias Distribution
- 38% of the sources are Center
38% Center
L 31%
C 38%
R 31%
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