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China manufacturing PMI slips to three-year low

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Staff writer | Thursday December 3, 2015 1:15AM ET
China manufacturing
Industry   According to the National Bureau of Statistics:

China's manufacturing sector contracted for the fourth month in a row, falling to its lowest level in more than three years, according to the National Bureau of Statistics.

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The official purchasing managers' index slipped to 49.6 in November, marking its lowest level since August 2012 and falling short of expectations for a reading of 49.8.

It was a brighter picture in terms of non-manufacturing, however, with the services PMI coming in at 53.6 from 53.1 in October.

The Caixin manufacturing PMI, which focuses on small enterprises and has a smaller sample than the official numbers, was also more upbeat.

It rose to 48.6 in November from 48.3m the previous month, compared with expectations for a reading of 48.3.


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