China Caixin manufacturing PMI showed new export orders extended decline in November

Omkar Godbole FXStreet Contributor

China's factory activity grew slightly in November, a private survey showed, although new export orders extended their decline.

The Caixin Manufacturing Purchasing Managers' Index (PMI) for November, released on Monday, ticked up to 50.2 from 50.1 in October. Economists were expecting a reading of 50.00.

The sub-index for new export orders, however, dropped to 47.7 in November from 48.8 a month earlier, highlighting the negative impact of the trade war with the US - China's biggest trading partner.

The sub-index measuring new orders (domestic and overseas), however, improved slightly to 50.9 in November from 50.4 in the previous month, as manufacturers cut prices for the first time in more than a year and a half.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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