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    China's Nov manufacturing PMI extends decline

    sxcoal.com General 2023-11-30 11:33:35

    China's manufacturing activity continued to weaken in November, hurt by the traditional off-peak season and insufficient demand.

     

    The official manufacturing purchasing managers' index (PMI) stood at 49.4 in November, dipping 0.1 from 49.5 in October, data from the National Bureau of Statistics (NBS) showed on November 30. The 50-mark separates expansion from contraction in activities.

     

     

    Subindex for new orders stood at 49.4 this month, down from 49.5 in October, implying slightly diminished demand. Likewise, new export orders fell from 46.8 to 46.3.

     

    The production subindex fell from 50.9 to 50.7, which still stood above the 50 mark, suggesting the production was expanding despite at a slower pace.

     

    The official non-manufacturing PMI, which measures business sentiment in the services and construction sectors, dropped to 50.2 in November from 50.6 in October, still within the expansion zone.

     

     

    The official composite PMI, which includes both manufacturing and services activity, dropped to 50.4 from 50.7 a month earlier, indicating a general contraction in China's overall production and business activities.

     

    (Writing by Riley Liang  Editing by Harry Huo)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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