Fra NBS:
The Purchasing Managers’ Index (PMI) for China’s manufacturing sector edged up to 50.2 in November from 49.3 in October, the National Bureau of Statistics (NBS) said on Saturday.
A reading above 50 indicates expansion, while a reading below reflects contraction.
NBS senior statistician Zhao Qinghe attributed the monthly increase in the manufacturing PMI to improved domestic demand and supply, better import and export, generally recovering business confidence as well as accelerating economic upgrading.
The sub-index for production and new orders rose to 52.6 and 51.3 in November, up 1.8 and 1.7 percentage points from October, respectively – the highest since the second half of the year
