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Omicron impact on China manufacturing ‘ambiguous’ as November activity expands

Summary:
[unable to retrieve full-text content]China’s factory activity unexpectedly returned to expansion in November after seven months of decline due to an improved power supply situation and lower raw material prices, but the potential impact of the “big caveat” of the Omicron coronavirus variant remains “ambiguous”.The official manufacturing purchasing managers’ index (PMI) rose to 50.1 in November, up from 49.2 in October, data from the National Bureau of Statistics (NBS) showed on Tuesday, halting a run of two months of contraction…

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[unable to retrieve full-text content]
China’s factory activity unexpectedly returned to expansion in November after seven months of decline due to an improved power supply situation and lower raw material prices, but the potential impact of the “big caveat” of the Omicron coronavirus variant remains “ambiguous”.The official manufacturing purchasing managers’ index (PMI) rose to 50.1 in November, up from 49.2 in October, data from the National Bureau of Statistics (NBS) showed on Tuesday, halting a run of two months of contraction…
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