1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

China Nov official manufacturing PMI dives deeper into contraction

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Mumbai) - China’s official manufacturing Purchasing Managers' Index (PMI) fell further into contraction, coming in at 49.6 in Nov against 49.8 reading seen in Oct and negatively surprised markets (49.9 expectations), the National Bureau of Statistics stated.

    The latest reading indicated that the activity in China's manufacturing sector shrank for a fourth straight month and contracted at the steepest rate since 2012 in November.

    While the non-manufacturing PMI rose to 53.6 last month, as compared to 53.1 seen in Oct.
    For more information, read our latest forex news.
     

Share This Page