Activity in China’s manufacturing sector has fallen to a six-month low due mainly to a fall in new export orders, according to the latest industry data.

The preliminary HSBC China Manufacturing Purchasing Managers Index (PMI) fell to 50.0 in November, compared with a final reading of 50.4 in October. A reading above 50 indicates expansion from the previous month, while a reading below 50 indicates contraction.

HSBC chief China economist Hongbin Qu said new export order growth continued to ease and led to a below-50 reading for the output sub-index for the first time since May.

"Disinflationary pressures remain strong and the labour market showed further signs of weakening. Weak price pressures and low capacity utilisation point to insufficient demand in the economy, he said.

"Furthermore, we still see uncertainties in the months ahead from the property market and on the export front."

"We think growth still faces significant downward pressures, and more monetary and fiscal easing measures should be deployed.”

The preliminary PMI figure, also called the HSBC Flash China PMI, is based on 85 per cent to 90 per cent of total responses to HSBC's PMI survey each month, and is issued about one week before the final PMI reading.

Related news & editorials

  1. 20.03.2018
    by      In
    The NSW Government has announced a one-off package of up to $47 million to help local government and industry to respond to China’s National Sword policy.
    The announcement came from Environment Minister Gabrielle Upton, who said: “NSW has a strong kerbside recycling system and the Government,... Read More
  2. 20.03.2018
    by      In
    AMTIL will be using its presence at NMW to set the scene for a busy events programme over the coming year.
    AMTIL has a long-standing relationship with NMW, having colocated its own Austech exhibition with NMW for many years, and continuing to do so every second year in Melbourne. AMTIL’s... Read More
  3. 20.03.2018
    by      In
    A local  cosmetics brand called Australian Creams has topped a list of the most trusted national name among mainland Chinese consumers, according to a new index from Monash University.
    The brand, owned by family-run G&M Cosmetics and based in Sydney’s Sutherland Shire, was ranked above big-name... Read More
  4. 20.03.2018
    by      In
    NSW's rail expansion has been met with issues up and down the supply chain, but one of the earliest was the revalation that new trains were built too wide to safely fit through existing tunnels in the Blue Mountains. 
    Now, alongside prepared plans to alter existing tunnels, platforms, and stations... Read More