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China's purchasing managers' index for November continues to contract

Official PMI logs 4th month of contraction, and is the lowest since Aug 2012
Wednesday, December 2, 2015 - 05:50

The PMI reading for the steel industry fell to 37 in November, as the sector - once the backbone of the country's growth - remains mired in excess capacity and falling prices.


CHINA'S official purchasing managers' index (PMI) dipped to a three-year low in November, which became its fourth consecutive month of contraction; the PMI is at its lowest since August 2012, pointing to continued weaknesses in its economy despite a slew of supporting measures.

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