China's official November manufacturing PMI just came out.
The good news is that the measure climbed to 50.6 from 50.2 a month ago
However, it was a tad below economists' expectation of 50.8.
Any reading above 50 signals growth.
China is the world's second largest economy. It's also the world's primary source of economic growth.
All of the individual components of the report improved except for employment and supplier delivery times.
Here's a break down of the sub-indices via Bloomberg:
|November 2012||October 2012|
|New Export Orders||49.4||48.2|
|Backlogs of Work||45.2||45.1|
|Inventories of Finished Goods||48.3||48.1|
|Inventories of Raw Materials||47.4||46.5|
|Supplier Delivery Times||49.8||49.9|
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