Chinese Manufacturing Contracted At Steeper Pace In November ...Middle East

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China’s National Bureau of Statistics released monthly data on Wednesday showing that factory activity contracted at a steeper pace in November versus October as lockdowns amplified to deal with rising COVID case numbers. In November, China’s manufacturing sector activity (PMI) fell to 48 on the official index, down from 49.2 in October for the second consecutive month of downward movement. As a point of comparison, an index point of 50 is positive and suggests expansion and anything lower indicates contraction. Combined November PMI…

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