China’s Manufacturing Rebounds With Signs Inflation Easing
(Bloomberg) — China’s factory sentiment improved in November as the impact of a power crunch subsided and inflation pressures eased.
The official manufacturing purchasing managers index rose to 50.1, the first time in three months it exceeded the 50 mark that signals an expansion in production. The non-manufacturing gauge, which measures activity in the construction and services sectors, fell slightly to 52.3. Both measures beat economists’ expectations.
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