China’s manufacturing unexpectedly higher

12/1, 2:16 AM (Source: TeleTrader.com)

China’s official Manufacturing Purchasing Managers Index (PMI) for November rose to an annual rate of 51.7 on Thursday, beating both the forecast 51.0 and the previous month’s 51.2 reading, China Logistics Information Center reported.

China’s official Non-Manufacturing PMI, also known as the services PMI, for November came in at 54.7, above the expected 54.0 level, which is also the figure outlined in September’s report.

Teletrader Newsroom / RV