November month official PMIs from China
Manufacturing 50.0
- expected 50.2, prior 50.2
Services 53.4
- expected 53.8, prior 53.9
Composite 52.8
- prior 53.1
The Manufacturing number is just barely under the central estimate and awfully close to contraction. Not a positive for China proxy trade (such as the Australian dollar)
Services a miss also.
more to come
