China Manufacturing PMI Falls To 48.0 In November - NBS
(RTTNews) - The manufacturing sector in China continued to contract in November, and at a faster pace, the latest survey from the National Bureau of Statistics revealed on Wednesday with a manufacturing PMI score of 48.0.
That missed expectations for a reading of 49.0 and was down from 49.2 in October. It also moved further beneath the boom-or-bust line of 50 that separates expansion from contraction.
The report also showed that the non-manufacturing PMI fell to 46.7 from 48.7 in October, while the general PMI dropped to 47.1 from 49.0.
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China Service Sector Growth Moderates In April
China's service sector continued to expand in April but the pace of growth moderated slightly, survey results from S&P Global showed on Monday. The Caixin services Purchasing Managers' Index fell to 52.5 in April from 52.7 in the previous month. A reading above 50.0 indicates expansion in the sector. The official PMI survey results also showed that the private sector growth moderated in April.
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China Services Sector Ebbs In April - Caixin
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China GDP Expands Annualized 5.3% In Q1
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China Keeps Medium-Term Lending Facility Rate Unchanged
China left its medium-term lending facility rate unchanged on Monday as the central bank focus more on diverting risks to the weakening yuan. The People's Bank of China conducted CNY 100 billion of one-year MLF at an interest rate of 2.5 percent. The interest rate was kept unchanged from the previous session. The bank injected CNY 2 billion via seven-day reverse repos at a rate of 1.8 percent.
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