China official manufacturing PMI improves while the services PMI slipsChina released its official PMIs for November and the numbers are a mixed bag as Beijing contemplates further stimulus for 2025:
- Manufacturing 50.3 vs 50.1 prior (50.2 was expected)
- Non-manufacturing 50.0 vs 50.2 prior
- Composite 50.8
This is the second straight month of gains for the manufacturing index.
On Friday, I highlighted fresh rumors about Chinese stimulus.
This article was written by Adam Button at www.forexlive.com.
Source: China official manufacturing PMI improves while the services PMI slips (https://www.forexlive.com/news/china-official-manufacturing-pmi-improves-while-the-services-pmi-slips-20241130/)
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