China posts the weakest factory surge for over two years

China posts the weakest factory surge for over two years

In November, surge in the Chinese manufacturing sector stood still for the first time for two years due to the fact that new orders speeded down, putting pressure on China ahead of key trade negotiations between leaders Xi Jinping as well as Donald Trump this weekend.

If the high-stakes talks fail, US leader will probably proceed with a steep tariff lift on China’s products in January that would further strain China's decelerating economy and increase risks to global surge.

Friday's dismal factory activity outcomes hinted that a bunch of stimulus measures by the Chinese government for the last time has yet to be felt, backing views that business conditions in this Asian country will probably worsen before they get better.

Released by the National Bureau of Statistics, the official Purchasing Managers' Index slipped to 50 in November, thus missing market hopes. It tumbled from October’s reading of 50.2. What’s more, it turned out to be the weakest outcome in China for up to 28 months.

Market experts had predicted minor change from October's already marginal surge levels. By the way, the 50-point mark is traditionally considered to be neutral territory, showing no expansion or contraction in activity on a monthly basis.

The current US presidential administration has pointed to soaring signs of economic weakness in the Asian counterpart as well as its diving stock market as proof that America is winning the trade conflict.

On Thursday, Trump sent mixed signals as for the prospects for a trade agreement with the Asian rival, telling that an agreement was close, although he wasn’t assured if he wanted one immediately.

An indicator of future activity, the new orders sub-index went down from 50.8 to 50.4, with export orders tumbling for a sixth straight month.


Strong US Retail Sales Pressed Gold
Strong US Retail Sales Pressed Gold

The US showed strong retail sales for August despite the spread of the Delta virus strain. As a result, the US dollar rocketed and gold dropped by 2286 points in half an hour after the release.

Latest news

Will USD Stop Falling Today? Market Wrap
Will USD Stop Falling Today? Market Wrap

The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong. 

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera