China's official PMI falls to 49% in Nov

Updated: 2011-12-01 09:41


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BEIJING - China's PMI, a preliminary readout of the country's manufacturing activity, dropped to 49 percent in November, indicating contraction for the first time since February 2009.

The November Purchasing Managers' Index was down 1.4 percentage points from 50.4 percent in October, the China Federation of Logistics and Purchasing said Thursday.