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MNI BRIEF: Caixin China Nov Mfg PMI Still In Contraction Zone

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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.

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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.

Keep reading...Show less