Investing.com - China's manufacturing PMI rose to 51.8 in November, a faster pace than expected 51.4 level expected while non-manufacturing also gained to 54.8 from 54.3 in October, official data released Thursday showed.
A reading above 50 indicates expansion, while a reading below that signals contraction.
"The latest official PMI readings suggest that growth momentum held up well this month," Julian Evans-Pritchard, China economist at Capital Economics, said in a note following the data release.
The release of a private PMI survey may paint a better picture of the economic situation in China. The Caixin/Markit manufacturing PMI is expected to be published on Friday, with the services PMI reading coming next Tuesday.
The private surveys tend to focus on small and mid-sized firms.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.