More on China’s Nov. PMI plunge into deep contraction for both manufacturing and services | Forexlive
The data is here:
Adding a little more now:
Steel industry PMI index at 40.1 (was 44.3 in October)
- new orders down 8.9 points to 34.5
- output flat, still under 50 and in contraction
NBS commentary (in brief):
- production and demand continue to slow
- pandemic has placed negative impacts on the operations of some enterprises
- production activities slowing dow
- product orders falling
- financial constraints and lack of market demand cited by firms