China's manufacturing activity contracts, Eurozone inflation falls

Financial Times

China's manufacturing activity contracted for the second consecutive month in November, with the official manufacturing purchasing managers' index at 49.4, below the forecast of 49.8. The non-manufacturing PMI also decreased to 50.2, the lowest since December 2020. Analysts expect China's economy to "dip" at the end of 2023 and into 2024. Inflation in the eurozone fell to 2.4% in November. Other news includes PwC's fine, Nelson Peltz's proxy battle at Walt Disney, and Opec+ members' agreement to make additional voluntary cuts to oil production in 2024.


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