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China official manufacturing PMI improves while the services PMI slips

  • November 30, 2024
  • -FCHFX

November 30, 2024 at 12:29PM
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.

China official manufacturing PMI improves while the services PMI slips
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