China manufacturing PMI
China released its official PMIs for November and the numbers are a mixed bag as Beijing contemplates further stimulus for 2025:
- Manufacturing 50.3 vs 50.1 prior (50.2 was expected)
- Non-manufacturing 50.0 vs 50.2 prior
- Composite 50.8
This is the second straight month of gains for the manufacturing index.
On Friday, I highlighted fresh rumors about Chinese stimulus.
