CHINA FLASH PMI DIPS TO 50.4 IN NOVEMBER

  • Flash China Manufacturing PMI™ at 50.4 (50.9 in October). Two-month low.
  • Flash China Manufacturing Output Index at 51.3 (51.1 in October). Eight-month high.
  • Softer new orders. New export orders dip below 50.

China’s growth momentum softened a little in November, as the HSBC Flash China Manufacturing PMI moderated due to the weak new export orders and slowing pace of restocking activities. That said, this is still the second-highest PMI reading in seven months. The muted inflationary pressures should enable Beijing to keep policy relatively accommodative to support growth.

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