China: November PMI signals weakening growth, as PBoC cuts RRR
Published on Wednesday, November 30, 2011
China: November PMI signals weakening growth, as PBoC cuts RRR
Summary
China’s Purchasing Managers Index (PMI) for November registered a weaker-than-expected outturn of 49.0% (BBVA: 50.2%; Consensus: 49.8%), down from 50.4% in October. Significantly, the outturn (below 50) means that the index has slipped into contraction territory for the first time since February, 2009
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
BBVA Research
BBVA Research