China’s November manufacturing PMIs, both official and Caixin, beat expectations
Link Securities | China’s official manufacturing purchasing managers’ index, manufacturing PMI, came in at 50.3 in November, versus 50.2 expected by the analyst consensus and following 50.1 in the previous month, for its second consecutive month in expansionary territory. We recall that a reading above 50 points indicates expansion of activity with respect to the previous month, while a reading below that level indicates contraction. Production and new orders showed…
