Date
21 October 2017

China November HSBC flash PMI eases, Sina says

Growth in China’s manufacturing activity eased in November, Sina.com reported Thursday, citing the HSBC China Flash Manufacturing Purchasing Managers’ Index. The preliminary gauge of the nation’s factory activity fell to 50.4 in the month from 50.9 in October. A reading above 50 indicates expansion. China’s growth momentum softened in November due to weak new export orders and slowing restocking activity, Hongbin Qu, HSBC chief economist for China and co-head of Asian Economic Research, said on his microblog. The muted inflationary pressure should enable Beijing to keep policy relatively accommodative to support growth, he said.

– Contact HKEJ at [email protected]

MY/AC/RA

 

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