China's factory activity improves but remains in contraction

• China's factory activity showed slight improvement in November but continued to remain in contraction, marking the eighth consecutive month of decline according to the Purchasing Managers' Index (PMI). This indicates ongoing struggles within the manufacturing sector despite some signs of recovery.
• The persistent contraction in factory activity raises concerns about the overall economic stability in China, as it reflects deeper issues within the manufacturing sector that could impact employment and production levels.
• This situation is compounded by a simultaneous contraction in non-manufacturing activity, which has not been seen in nearly three years, highlighting significant challenges across various sectors of the economy amid ongoing global trade uncertainties.

— via World Pulse Now AI Editorial System