Tepid new orders, domestic and export, have led to a marginal decline in the Manufacturing Purchasing Manager Index. Notable is a sizable increase in input costs and a corresponding increase in selling prices.
Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group, a subsidiary of Caixin stated, “For the most part, the manufacturing sector remained stable in November, although some signs of weakness emerged. In Q4, the economy is likely to maintain the stability observed since the start of the second half of the year. Economic growth in 2017 is expected to be higher than last year, but it may come under downward pressure in 2018.” Source: Markit Economics