Investing.com - HSBC's closely watched November flash manufacturing purchasing managers index for China clocked in at 50.4, below a forecast of 50.8, and easing from 50.9 for the final in October, according to a release Thursday.
"China's growth momentum softened a little in November, as the HSBC Flash China Manufacturing PMI moderated due to the weak new export orders and slowing pace of restocking activities," said HSBC chief China economist Qu Hongbin.
"That said, this is still the second-highest PMI reading in seven months. The muted inflationary pressures should enable Beijing to keep policy relatively accommodative to support growth."
"China's growth momentum softened a little in November, as the HSBC Flash China Manufacturing PMI moderated due to the weak new export orders and slowing pace of restocking activities," said HSBC chief China economist Qu Hongbin.
"That said, this is still the second-highest PMI reading in seven months. The muted inflationary pressures should enable Beijing to keep policy relatively accommodative to support growth."