Economics
China Factory Gauge at 6-Month Low Bolsters Easing Case: Economy
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A Chinese factory gauge fell to a six-month low in November, adding to signs broader stimulus is needed to halt a slowdown in the world’s second-largest economy.
The preliminary Purchasing Managers’ Index from HSBC Holdings Plc and Markit Economics was at 50.0, below the median estimate of 50.2 in a Bloomberg News survey and lower than last month’s 50.4. Numbers above 50 indicate expansion.