CFLP: Global manufacturing PMI dips to 49.6 in Nov

The global manufacturing Purchasing Managers' Index (PMI) declined slightly in November to sit at 49.6, dipping by 0.1 point from the prior month, according to the latest data compiled by the China Federation of Logistics & Purchasing (CFLP).

The results suggested that the global economy is experiencing a moderate recovery within a certain range, with both upside potential and downside risks coexisting, the federation said, adding that global trade and investment remain constrained due to the ongoing disruptions from trade friction and geopolitical conflicts. Pressure from contracting