China's Manuf PMI improves, highest since Sept

China's manufacturing PMI for November came at 51.8 vs 51.4 exp and 54.6 prev, the highest reading since Sept, when the number printed 52.4. Meanwhile, China's non-manufacturing PMI was up to 54.8 in November from previous 54.3.

In terms of the components for the PMI series, new orders came at 53.6 vs 52.9 prev, employment stood at 48.8 vs 49.0 prev, output was 54.3 vs 53.4 prev, supplier delivery times came at 49.5 vs 48.7 prev, while inventory of raw materials was 48.4 vs 48.6 prev.