KONTAN.CO.ID - BEIJING. China's manufacturing activity contracted for a second straight month in November and at a quicker pace, an official factory survey showed on Thursday, suggesting more policy support measures are needed to help shore up economic growth. The official purchasing managers' index (PMI) fell to 49.4 in November from 49.5 in October, staying below the 50-point level demarcating contraction from expansion. Analysts polled by Reuters had expected a reading of 49.7. Baca Juga: Government Debt Continues to Climb and Moves Away from Pre-Pandemic Debt Levels
China's Factory Activity Extends Declines in November
KONTAN.CO.ID - BEIJING. China's manufacturing activity contracted for a second straight month in November and at a quicker pace, an official factory survey showed on Thursday, suggesting more policy support measures are needed to help shore up economic growth. The official purchasing managers' index (PMI) fell to 49.4 in November from 49.5 in October, staying below the 50-point level demarcating contraction from expansion. Analysts polled by Reuters had expected a reading of 49.7. Baca Juga: Government Debt Continues to Climb and Moves Away from Pre-Pandemic Debt Levels