Manufacturing – China Faces Manufacturing Slowdown and Economic Setbacks
China’s manufacturing sector experienced a contraction for the second consecutive month in November, indicating a slowdown in the momentum of the world’s second-largest economy. The official manufacturing Purchasing Managers’ Index (PMI) dropped to 49.4, falling short of the Bloomberg poll’s median forecast of 49.8 and marking a slight decrease from October’s 49.5 reading. A PMI below 50 signifies a contraction from the previous month. The … Continue reading Manufacturing – China Faces Manufacturing Slowdown and Economic Setbacks