China Manufacturing Picks Up Steam in November, Official Data Shows
“November manufacturing PMI data indicated that domestic investment momentum has remained intact, while external demand recovered further,” analysts said. Photo: Visual China
China’s manufacturing activity expanded at a faster rate in November than it did in October, as companies revved up production and growth in new orders accelerated, official data showed Thursday.
China’s official manufacturing purchasing managers index (PMI) came in at 51.8 in November, accelerating from 51.6 in the previous month, according to the National Bureau of Statistics (NBS), which released the data jointly with government-linked industry group the China Federation of Logistics and Purchasing.
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