China Factory Slump Deepens As Production Slide Persists

Benzinga

China’s factory sector stayed in contraction for an eighth month, with the manufacturing PMI stuck at 49.2 and non-manufacturing activity slipping into contraction for the first time in nearly three years. Industrial output slowed and exports weakened as global demand failed to offset falling U.S. shipments. Tensions with the U.S. have eased after a temporary Trump–Xi truce, though details remain unresolved.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02China's factory activity remained in contraction in November as the

00:05Manufacturing Purchasing Managers Index held at 49.2 for an eighth month, according to Bloomberg.

00:11The non-manufacturing index fell to 49.5, marking its first contraction in nearly three years

00:16due to weakness in real estate and residential services. Industrial production posted its

00:20smallest gain of the year, and exports contracted as global demand failed to offset

00:24declining shipments to the U.S. Catches with the U.S. eased after a temporary truce

00:29between Trump and Xi Jinping, though details are still under negotiation.

00:34For all things money, visit Benzinga.com.

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