CHINA MANUFACTURING PMI FALLS TO 48.0 IN NOVEMBER - NBS

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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