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Free AccessMNI BRIEF: Caixin China Nov Mfg PMI Still In Contraction Zone
China's November Caixin manufacturing PMI edged up 0.2 points to 49.4, remaining in the contraction zone below 50 for a fourth consecutive month amid tightening measures to curb Covid-19 outbreaks, the financial publisher said Thursday.
The production sub-index further weakened below 50, while the new orders sub-index rebounded slightly within the contraction zone. The new export orders sub-index fell further and contracted for a fourth month amid a slowing global economy and logistics difficulties in China, Caixin said.
Caixin's PMI mainly tracks small and medium-sized manufacturers. The official PMI, which was released on Wednesday, covers mainly large state-owned companies and fell 1.2 points to 48 in November.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.