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China Manufacturing PMI For November Hits Better-Than-Seen 51.8

Published 30/11/2017, 01:23 pm
Updated 30/11/2017, 01:25 pm
© Reuters.  China official PMI

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.

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