Here’s an excerpt from HSBC’s report from Chinas PMI in November:
November’s Data showed a loss of momentum in China’s Manufacturing economy, with an output declining for the first time in May. Meanwhile total number of new orders increased for the 6 month in a row. Data suggested that softer client demand from abroad has suggested that softer client demand from abroad had partly dampened overall growth of new work, with new export orders expanding at the lowest rate in five months. Meanwhile average input costs declined sharply, which contributed to a solid reduction of output charges.
Regarding to the PMI the result was no change from the 50.0 from November, signalling that operating conditions were unchanged from the previous month.Furthermore, it was the lowest index reading since May, and contrasted with improvements in each of the prior five months.
Manufacturing Employment has declined in November. The rate job shedding was similar to that recorder in October and moderate overall. Meanwhile purchasing activity was unchanged since November thereby ending in a six-month sequence of growth. Manufacturers in China decreased their inventories and both pre- and post -production goods in November, with a number of companies attributing lower stocks to reduced production.
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Read the full report Here