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Caixin Markit manufacturing PMI for November

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Workers make toys for export at a plant on July 16, 2019 in Lianyungang, Jiangsu Province of China.

Si Wei | Visual China Group | Getty Images

A private survey on Monday showed China’s manufacturing activity expanded more than expected in November as the Caixin/Markit manufacturing Purchasing Managers’ Index (PMI) came in at 51.8.

Caixin and IHS Markit said in a joint press release that the pace of improvement was the strongest since December 2016.

The index was expected to have fallen to 51.4 in November from 51.7 in October, according to economists polled by Reuters.

PMI readings above 50 indicate expansion, while those below that level signal contraction.

Caixin and IHS Markit said the PMI…



Source cnbc.com

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