MNI China Daily Summary: Friday, April 26

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MNI BRIEF: Caixin Nov Manufacturing PMI Hits Three-Month High

MNI (Singapore)
MNI (Beijing)

China's Caixin manufacturing PMI rose by 1.2 points to register 50.7 in November from October, rising back to the expansionary zone above the breakeven 50 mark and hitting a three-month high, the financial publisher said Friday.

The production sub-index turned from falling to rising above 50, while the new orders sub-index was in the expansionary range for four consecutive months and reached its highest level since July. External demand remained weak, with the new export orders sub-index below 50 for the fifth consecutive month.

Caixin's PMI mainly tracks small and medium-sized manufacturers. The official PMI, which was released on Thursday, covers mainly large state-owned companies and fell by 0.1 points to 49.4 in November.

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