China November Caixin Manufacturing PMI: 50.7 (vs. expected at 49.8) ...Middle East

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China November Caixin Manufacturing PMI: 50.7 (vs. expected at 49.8)
source : forex live ( Middle East ) () 28
China November Caixin Manufacturing PMI comes in at a huge beat and much better than October: 50.7 to jump back into expansionexpected at 49.8, prior 49.5Yesterday we had the official PMIs, with manufacturing slipping even deeper into contractionChina November PMIs: Manufacturing 49.4 (expected 49.7) Services 50.2 (expected 51.1)more to comeKey points in the report: Production returns to growth amid sustained rise in total new work Softer reduction in employment Business confidence ticks up to four-month high---China has two primary Purchasing Managers' Index (PMI) surveys - the official PMI released by the National Bureau of Statistics (NBS) and the Caixin China PMI published by the media c

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