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China factory growth seen slowing slightly in November – Reuters poll

The result of the latest Reuters poll showed that a majority of the economists expect the Chinese manufacturing sector activity to slow its pace of expansion in November on softening exports and tough pollution measures imposed on the steel factories.

Key Findings:

“The official manufacturing Purchasing Managers’ Index (PMI) on Thursday is expected to come in at 51.4 for November, down marginally from 51.6 in October, according to a median forecast of 28 economists polled by Reuters.

While activity is seen cooling for the second month, it would still mark the 16th straight month of expansion, supporting views that China’s manufacturing sector remains resilient despite a number of challenges. 

Economists expect the findings of a private survey on China’s factory activity on Friday will also show activity in November expanded at slightly slower but still solid pace.

They predict the private Caixin/Markit Manufacturing Purchasing Managers’ index (PMI) will be 50.9 in November versus 51.0 the previous month.”

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