The Caixin Manufacturing PMI China’s November figure fell to 49.9 from October’s 50.6, falling below the expected 50.5, showing that the country’s manufacturing sector is back in contraction.
China’s official manufacturing PMI expanded to 50.1 in November on Tuesday from 49.2 seen in October and down from 49.6 expected, according to the National Bureau of Statistics (NBS).
Comentarios del Dr. Wang Zhe, Economista Senior de Caixin Insight Group
“The íIndex fell into contractionary territory for the second time since April 2020.”
“The Supply in the manufacturing sector recovered, while demand weakened. The relaxed restrictions on the supply side, especially the relaxation of the energy contraction, accelerated the pace of recovery in production. “
“In November, the measure for production returned to positive territory after remaining in negative territory for three consecutive months. But demand was relatively weak, suppressed by the Covid-19 epidemic and rising product prices. The pandemic hurt external demand, with the indicator of new export orders remaining in negative territory for the fourth consecutive month in November”.
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