China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) unexpectedly moved back into contraction territory in November, dropping to 49.9 from October’s 50.6. This figure, released by RatingDog on Monday, fell short of market expectations, which had predicted a reading of 50.5. Following the release of China’s PMI data, the AUD/USD pair was trading 0.05% higher on the day, maintaining its position near 0.6550 at the time of writing.
RatingDog China Manufacturing PMI Misses Forecast, Falling to 49.9 in November (Expected 50.5
