China Caixin Services PMI for November 46.7 (prior 48.4)

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China Caixin Services PMI for November 46.7 (prior 48.4)

<p>Caixin / Markit services PMI for November is 46.7</p><ul><li>prior 48.4</li></ul><p>Composite is 47.0</p><ul><li>prior 48.3</li></ul><p>---</p><p>Awful numbers but they'll be viewed in light of the dialling back of restrictions in China and there are better conditions expected ahead. </p><p>I'm not as dour as Goldman Sachs:</p><ul><li><a href="https://www.forexlive.com/news/goldman-sachs-on-china-easing-covid-restrictions-preparations-may-last-a-few-months-20221205/" target="_blank" rel="follow" data-article-link="true">https://www.forexlive.com/news/goldman-sachs-on-china-easing-covid-restrictions-preparations-may-last-a-few-months-20221205/</a></li></ul><p>--</p><p>The PMIs from China for November:</p><ul><li><a href="https://www.forexlive.com/news/china-official-manufacturing-pmi-480-expected-490-20221130/" target="_blank" rel="follow">China official Manufacturing PMI 48.0 (expected 49.0) & Services 46.7 (expected 48.0)</a></li><li><a href="https://www.forexlive.com/news/china-november-manufacturing-pmi-494-prior-492-20221201/" target="_blank" rel="follow">Caixin China November Manufacturing PMI 49.4 (prior 49.2)</a></li></ul>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: China Caixin Services PMI for November 46.7 (prior 48.4)

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