China's manufacturing sector expands faster in Nov 2024: PMI data

03 Dec '24

1 min read

China's manufacturing sector expands faster in Nov 2024: PMI data

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Insights

The manufacturing sector in China saw faster expansion in November this year, official data show.
The purchasing managers' index (PMI) for the sector was 50.3 in November—up from 50.1 in October.
The manufacturing PMI has now rebounded for three consecutive months.
The moderate acceleration in expansion of manufacturing reflects improvements in both order demand and supply dynamics.

The manufacturing sector in China saw faster expansion in November this year, data from the National Bureau of Statistics (NBS) showed.

It was a result of a series of incremental policies and existing policies gradually getting implemented, NBS statistician Zhao Qinghe said in an NBS statement.

The purchasing managers' index (PMI) for the sector was 50.3 in November—up from 50.1 in October. A reading above 50 indicates expansion, while a reading below 50 reflects contraction.

The manufacturing PMI has now rebounded for three consecutive months and expanded for the second month in a row.

The moderate acceleration in expansion of manufacturing in November reflects improvements in both order demand and supply dynamics, as well as stronger business confidence, Zhao added.

Fibre2Fashion News Desk (DS)

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