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China's factory activity shrinks in Nov amid widespread COVID curbs - Caixin PMI

Channel News Asia LogoChannel News Asia2 mo ago

China's factory activity shrinks in Nov amid widespread COVID curbs - Caixin PMI - Channel News Asia

Quick Summary:

BEIJING : China's factory activity shrank in November as widespread COVID-19 curbs disrupted manufacturers' output, a private sector survey showed on Thursday, weighing on employment and economic growth in the fourth quarter.

The Caixin/S&P Global manufacturing purchasing managers' index (PMI) rose slightly to 49.4 in November from 49.2 the previous month and beat expectations of a Reuters poll of 48.9.

However, manufacturers were generally upbeat in November that production would increase over the next 12 months as they anticipated a recovery in output capacity and client demand when the pandemic recedes.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-01 @ 09:51:24 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1504 (out of 6343 stories this day)

News Source URL: channelnewsasia.com

Language: English

Article Length: 545 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 2070449

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 33 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 6 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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