China factory growth unexpectedly stalls in November: official PMI

Reuters  |  BEIJING 

(Reuters) - Growth in China's vast stalled for the first time in over two years in November, missing expectations and adding pressure on to roll out more economic support measures amid a bitter trade war with the

The official Purchasing Managers' Index (PMI) fell to 50.0 in November from 50.2 in October, data showed on Friday. The 50-point mark is considered neutral territory, indicating no growth in activity or contraction on a monthly basis.

Analysts surveyed by had forecast the reading for the month would be unchanged from October at 50.2.

China's economic growth cooled to its weakest pace since the global financial crisis in the third quarter and analysts expect further softening in coming months before a raft of government support measures begins to stabilise activity.

(Reporting by Monitoring Desk; Editing by Kim Coghill)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, November 30 2018. 07:09 IST