In light of the lockdowns in the wake of the rising Covid numbers and the recent protests against the measures, the mood in the Chinese economy has deteriorated even further. The official Purchasing Managers’ Indexes (PMI) for services and industry were even worse than expected in November. The sentiment indicator for the industrial sector fell from 49.2 points in October to just 48 points in November, the statistics office in Beijing announced on Wednesday. This is the weakest value since April. Analysts previously had expected 49 points.
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