PMI for Kina – læs hele meddelelsen her:
The Caixin China General Manufacturing PMI rose to 51.8 in November from 51.7 in the previous month, indicating that the manufacturing sector held up well. 1) The subindex for total new orders dropped slightly from the previous month’s recent high, and the gauge for new export orders also edged down. Both stayed in expansionary territory, pointing to a continuous improvement in demand. Respondents cited a recovery in overall demand.
2) The output subindex fell marginally from a recent high in the month before. Production expanded in line with the expansion in new orders. 3) The employment subindex rebounded from the previous month’s recent low into positive territory, marking its second
expansion this year.
4) Although the subindex for suppliers’ delivery times edged up, it remained in contractionary territory and stayed in a downward trend that began earlier this year. Constraints on production capacity and stocks of finished goods were still
noticeable. The subindex for stocks of purchased items remained slightly above the dividing line between expansion and contraction, suggesting a lackluster willingness to
replenish inventories. The gauge for future output expectations dipped, with manufacturers indicating they were worried about uncertainties regarding policies and the market environment.
5) The gauge for output charges inched up. The measure for input costs was still relatively high, pointing to pressure on raw material costs. In general, prices of industrial products
remained stable. “China’s manufacturing sector continued to recover in November, with both domestic and overseas demand rising and the employment subindex returning to expansionary territory for the second time this year.
“However, business confidence remained subdued, as concerns about policies and market conditions persisted, and their willingness to replenish stocks remained limited. This is a
major constraint on economic recovery, which requires continuous policy support. Currently, manufacturing investment may be lingering near a recent bottom. A low inventory level has lasted for a long time. If trade negotiations between China and the U.S. can progress in the next phase and business confidence can be repaired effectively, manufacturing production and investment is likely to see a solid improvement.”
