Morning Bites (part 2)
🌏Global manufacturing PMIs showed mixed dynamics in November. The Eurozone Markit Manufacturing PMI was 45.2 (vs. 45.9 in October), while the US ISM manufacturing PMI rose to 48.4, surpassing market expectations of 47.5
🇨🇳The official NBS Manufacturing PMI in China was 50.3 (vs. 50.1 a month ago). Meanwhile, the Caixin China Manufacturing PMI rose to 51.5, ahead of the forecasts of 50.5
🇮🇳 India’s manufacturing PMI of 56.5 remains one of the strongest indicators among the world's key economies
❗️In October, EU/US PMIs remained below 50.0, underlining the ongoing slowdown in their manufacturing activity. Meanwhile, China’s new economic stimulus might add some support to local demand for industrial metals in 2025 (e.g. steel, aluminum and copper), we believe
#PMIs
https://metals-wire.com/news-reports
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