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China official manufacturing PMI improves while the services PMI slips

Started by forex4you, Dec 02, 2024, 05:34 am

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forex4you

Dec 02, 2024, 05:34 am
China official manufacturing PMI improves while the services PMI slips

China 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

forexlive.com
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