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China Flash manufacturing PMI dips to 6-month lows – TradeTheNews

FXStreet (Barcelona) - The Research Team at TradeTheNews observes that the leading assessment of China economy in November via the HSBC flash manufacturing PMI was not particularly impressive as the index missed estimates to hit a 6-month low of 50.0.

Key Quotes

“Among the most notable components, Employment deteriorated at a faster rate, Output turned to expansion from contraction, Export orders increase slowed, while Input price decline receded.”

“HSBC economist noted that disinflationary pressures remain strong, capacity utilization point to insufficient demand in the economy, and more monetary and fiscal easing measures are justified given the "significant downward pressures" on growth.”

“Hong Kong and Shanghai opened lower after the release but reversed initial losses to trade little changed by the time of their afternoon breaks.”

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