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Chinese manufacturing expanded more than expected in November

Nov 30 , 2017

China reported on Thursday that factory activity expanded at a quicker pace in November, with the official manufacturing Purchasing Managers' Index coming in at 51.8 — topping expectations.

Economists in a Reuters poll had expected official PMI in the world's second-largest economy to come in at 51.4 this month, which would have been slower than the 51.6 posted for October.

China's services sector also saw activity pick up, with its PMI reading accelerating to 54.8 in November from the previous month's 54.3, official data showed.


A reading above 50 indicates expansion, while a reading below that signals contraction.


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