Factory activity in China grows for the second consecutive month in November
China's factory activity has experienced growth for the second consecutive month in November, indicating positive trends in the manufacturing sector. This expansion underscores a potentially robust economic recovery, as companies increase production to meet rising demand.
TroibNews 
In November, China's factory activity saw continued expansion, marking the second consecutive month of growth as positive trends accumulate in the world's second-largest economy.
According to data released by the National Bureau of Statistics on Saturday, the manufacturing purchasing managers' index (PMI) rose to 50.3 in November, an increase of 0.2 points from October. This figure represents the third consecutive month of growth and the second month above the expansion threshold of 50.
The uptick in the headline PMI was primarily driven by notable improvements across key sub-indices, including new orders, production expectations, and purchasing volumes, all of which experienced significant gains. Additionally, the production index demonstrated steady growth, resulting in the four main indices reaching a seven-month high.
Zhang Liqun, an economist and special analyst at the NBS, remarked that the ongoing rise in the manufacturing PMI signifies more evident signs of recovery from the economic downturn. He pointed out that recent incremental policy measures are contributing to enhanced business confidence, yielding increasingly positive effects on the broader economy.
However, the non-manufacturing PMI experienced a slight decline, dropping to 50.0, a decrease of 0.2 points from October. The composite PMI, which integrates both manufacturing and non-manufacturing sectors, remained stable at 50.8, indicating steady overall economic performance.
Looking at the wider economic landscape, analysts expect positive trends to persist. Market demand and supply are exhibiting steady growth, with new economic drivers and an uptick in consumer goods manufacturing. Business expectations are also improving, further solidifying the trajectory of economic stabilization and recovery.
The data indicates that China's economy is gradually gaining momentum, with indicators suggesting strengthening growth prospects in the months ahead, according to the NBS.
Ian Smith contributed to this report for TROIB News
According to data released by the National Bureau of Statistics on Saturday, the manufacturing purchasing managers' index (PMI) rose to 50.3 in November, an increase of 0.2 points from October. This figure represents the third consecutive month of growth and the second month above the expansion threshold of 50.
The uptick in the headline PMI was primarily driven by notable improvements across key sub-indices, including new orders, production expectations, and purchasing volumes, all of which experienced significant gains. Additionally, the production index demonstrated steady growth, resulting in the four main indices reaching a seven-month high.
Zhang Liqun, an economist and special analyst at the NBS, remarked that the ongoing rise in the manufacturing PMI signifies more evident signs of recovery from the economic downturn. He pointed out that recent incremental policy measures are contributing to enhanced business confidence, yielding increasingly positive effects on the broader economy.
However, the non-manufacturing PMI experienced a slight decline, dropping to 50.0, a decrease of 0.2 points from October. The composite PMI, which integrates both manufacturing and non-manufacturing sectors, remained stable at 50.8, indicating steady overall economic performance.
Looking at the wider economic landscape, analysts expect positive trends to persist. Market demand and supply are exhibiting steady growth, with new economic drivers and an uptick in consumer goods manufacturing. Business expectations are also improving, further solidifying the trajectory of economic stabilization and recovery.
The data indicates that China's economy is gradually gaining momentum, with indicators suggesting strengthening growth prospects in the months ahead, according to the NBS.
Ian Smith contributed to this report for TROIB News
