China’s factory activity fell for an eighth straight month in November while activity in services hit a three-year low, showing how persistent weak demand is affecting the country’s economic outlook despite a trade truce with the US.
The manufacturing purchasing managers’ index rose marginally to 49.2 this month, according to official data released on Sunday. A reading below 50 shows a contraction in activity.
Another index tracking non-manufacturing business sectors, including services and construction, fell to 49.5, down from 50.1 last month. It is the first reading below 50 in nearly three years.
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