Daily Journal masthead

Chinese factory index weakens to 3-year low while service industries improve


HONG KONG — An official survey shows that Chinese manufacturing was at its weakest in more than three years in November while service industries improved.

The manufacturing index released Tuesday and based on a survey of factory purchasing managers slipped to 49.6 in November from 49.8 the previous month.

The index is based on a 100-point scale, with the 50-point mark separating expansion from contraction.

A similar measure covering China's service industries rose to 53.6 from 53.1.

Separately, the private Caixin/Markit purchasing managers' index for manufacturing released the same day also remained at a level indicating contraction, although it improved to 48.6 from 48.3.

The latest data highlight the growth slowdown gripping China as officials try to shift the economy's focus from manufacturing to services in a transition that's proving to be rocky.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow Daily Journal:

All content copyright ©2015 Daily Journal, a publication of AIM Media Indiana unless otherwise noted.
All rights reserved. Privacy policy.