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China November factory activity up a touch but client demand ebbs

Reuters  |  BEIJING 

BEIJING (Reuters) - China's factory activity grew slightly in November, a private survey showed, though new export orders extended their decline in a further blow to the sector already hurt by the Sino-U.S. trade frictions. The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) for November, released on Monday, ticked up to 50.2 from 50.1 in October. Economists polled by Reuters had forecast a reading of 50.0, the level that separates expansion from contraction. Domestic orders have been losing momentum in recent quarters as the world's second-largest economy slows. Overall, a ...

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First Published: Mon, December 03 2018. 09:36 IST