MNI 5 Things: China November Manufacturing PMI Falls To 50.0

     BEIJING (MNI) - China's National Bureau of Statistics released

manufacturing and non-manufacturing PMI data on Friday. MNI highlights five

things:

     --Manufacturing PMI fell to 50.0% in November, the breakeven mark between

contraction and expansion, missing the median forecast of 50.1% projected by an

MNI survey. The outcome was below October's 50.2 and the lowest since 49.9% in

July 2016. The deceleration suggested that manufacturing activities are facing

increasing downward pressure.

     --The weakness was mainly due to decelerating raw materials purchase prices

and ex-factory prices, especially in oil, ferrous metal processing and chemicals

industries, which was driven by the recent decline in commodity prices. Also,

manufacturers saw orders slow on sluggish demand, the NBS said.

     --The production index dropped to 51.9% from 52% in October. The ew orders

index decelerated 0.4 percentage point to 50.4%. New export orders inched higher

by 0.1 percentage points to 47%.

     --Non-manufacturing PMI slowed to 53.4% from 53.9% in October. Still above

50 and in expansionary territory, services were boosted by rising postage and

express delivery demand, telecommunication, Internet and software during the

Double Eleven e-commerce shopping festival, the NBS said.

     --The indices of business activities in transportation, catering and real

estate sectors were in contraction, indicating a stagnating housing market. The

banking, securities and insurance sector rose to over 60%, signalling an active

financial market.

--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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