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China Factory Activity Weakens in November, Caixin Survey Shows

Optimism about business prospects over the next 12 months declined for the third consecutive month, with the future-output subindex falling to the lowest level since the indicator was included in the PMI report in April 2012. Photo: Visual China
Optimism about business prospects over the next 12 months declined for the third consecutive month, with the future-output subindex falling to the lowest level since the indicator was included in the PMI report in April 2012. Photo: Visual China

China’s manufacturing activity expanded at its weakest pace in five months in November amid slower growth in new orders, while companies’ confidence in the business outlook sank to a record low, a Caixin survey showed on Friday.

The Caixin China General Manufacturing Purchasing Managers’ Index (PMI) dipped to 50.8 in November, down from 51 the previous month and the lowest reading since June. 

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