China official manufacturing PMI improves while the services PMI slips

China released its official PMIs for November and the numbers are a mixed bag as Beijing contemplates further stimulus for 2025:

• Manufacturing 50.3 vs 50.1 prior (50.2 was expected)
• Non-manufacturing 50.0 vs 50.2 prior
• Composite 50.8

This is the second straight month of gains for the manufacturing index.

On Friday, I highlighted fresh rumors about Chinese stimulus.

This article was written by Adam Button at www.forexlive.com.