China's purchasing managers' index for November continues to contract
Official PMI logs 4th month of contraction, and is the lowest since Aug 2012
Beijing
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.
The official PMI came in at 49.6 last month; the reading published by Caixin and Markit was 48.6 - slightly higher than October's 48.3, but still in contraction territory.
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