China official PMI data due this weekend - manufacturing and services expansion expected ...Middle East

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China official PMI data due this weekend - manufacturing and services expansion expected
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PMIs from China's National Bureau of Statistics (NBS) are due on Saturday, November 30, 2024 at 0130 GMT (which is 2030 GMT on Friday, November 29, 2024)In October 2024, these indicators showed signs of stabilization, with both manufacturing and non-manufacturing sectors returning to expansion territory. Key highlights include:Manufacturing Sector:Manufacturing PMI: The Purchasing Managers' Index (PMI) for the manufacturing sector rose to 50.1 in October, up from 49.8 in September, marking the first expansion since April. A PMI above 50 indicates growth. Sub-Indices Performance:Production Index: Increased to 52.0, the highest in six months, indicating accelerated manufacturing activity.New O

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