Market Updates: China Non-Manufacturing PMI Hits 15-Month Low - Forex News by FX Leaders

Market Updates: China Non-Manufacturing PMI Hits 15-Month Low

Posted Friday, November 30, 2018 by
Arslan Butt • 1 min read

According to the National Bureau of Statistics, China’s official non-manufacturing purchasing managers index dropped to 53.4 from October’s 53.9. A reading above 50 indicates an expansion in activity, while a figure below that level indicates a contraction.

The US-China trade war continues to play. Let’s hope the G20 Sumit comes up with a settlement, else it’s going to hurt the economy further

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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