MNI BRIEF: Nov RatingDog China Mfg. PMI Falls Below 50 Mark
Dec-01 02:38
Peoples Bank of China+ 2
China's RatingDog manufacturing PMI, previously known as the Caixin manufacturing PMI, came in at 49.9 in November, down from October's 50.6, falling into the contraction zone below the 50 mark after expanding for three months, the publisher said on Monday.
Growth of production sub-index came to a halt as new orders nearly stalled. A renewed rise in new orders overseas failed to reverse the sluggish state of the manufacturing sector, the publisher said.
RatingDog PMI mainly tracks SME manufacturers. The official PMI released Sunday, which typically covers large state-owned companies, registered 49.2 in November, up from October's 49.0 reading.
