China's manufacturing PMI falls to 48 in Nov 2022: NBS

The sub-index for production was recorded at 47.8 in November—a decline of 1.8 percentage points month-on-month (MoM). Moreover, demand has also decreased as the sub-index for new orders stood at 46.4—down by 1.7 percentage points from October.

“Enterprises have reported rising difficulties due to disrupted logistics and production, financial strains, and lack of demand. The PMI for large, medium, and small enterprises dropped by different extents, with small enterprises facing greater pressure,” NBS senior statistician Zhao Qinghe was quoted as saying by several Chinese media reports.

Fibre2Fashion News Desk (NB)