A preliminary gauge of China’s manufacturing activity showed a mild weakening of growth momentum in November, weighed down by sluggish new export orders, and suggesting the third-quarter rebound in the world’s second-largest economy may be losing steam.
The HSBC preliminary Purchasing Managers’ Index slipped to 50.4 in November from 50.9 in October, HSBC Holdings PLC said on Thursday. That leaves it in positive territory, holding above the key 50-mark that separates expansion from contraction compared with the previous month. Despite the weaker expansion, the result was still the second-best reading in the past seven months.
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William Kazer, The Wall Street Journal via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/etqSy44QT8s/
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