Caixin
Nov 30, 2021 05:21 PM
ECONOMY

China’s Manufacturing Rebounds With Signs Inflation Easing

The Fujian Strait Textile Technology factory in Putian, China. Photo: Bloomberg
The Fujian Strait Textile Technology factory in Putian, China. Photo: Bloomberg

(Bloomberg) — China’s factory sentiment improved in November as the impact of a power crunch subsided and inflation pressures eased.

The official manufacturing purchasing managers index rose to 50.1, the first time in three months it exceeded the 50 mark that signals an expansion in production. The non-manufacturing gauge, which measures activity in the construction and services sectors, fell slightly to 52.3. Both measures beat economists’ expectations.

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