More on China's Nov. PMI plunge into deep contraction for both manufacturing and services

The data is here:

Adding a little more now:

Steel industry PMI index at 40.1 (was 44.3 in October)

  • new orders down 8.9 points to 34.5
  • output flat, still under 50 and in contraction

NBS commentary (in brief):

  • production and demand continue to slow
  • pandemic has placed negative impacts on the operations of some enterprises
  • production activities slowing dow
  • product orders falling
  • financial constraints and lack of market demand cited by firms
China's National Bureau of Statistics released the data on Saturday, the result for manufacturing is

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