BEIJING: Chinese factory activity continued to grow in November, marking a second consecutive month of growth, as positive trends accumulate in the world’s second-largest economy.
The purchasing managers’ index (PMI) of the country’s manufacturing sector reached 50.3 in November, up 0.2 points from October, according to data released by the State Bureau of Statistics on Saturday ( BES). This is the third consecutive month of growth and the second month above the expansion threshold of 50.
The rise in the overall PMI was largely driven by significant improvements in key sub-indexes, including new orders, production expectations and purchasing volumes. These components experienced notable gains, while the production index showed steady growth. Collectively, the four major indexes hit a seven-month high.
Zhang Liqun, economist and special analyst at the NBS, noted that the continued increase in the manufacturing PMI indicates more obvious signs of recovery from the economic slowdown. He highlighted that recent progressive policy measures are helping to strengthen business confidence, with increasingly positive effects on the economy as a whole.
At the same time, the non-manufacturing PMI index fell slightly to 50.0, down 0.2 points from October. The composite PMI, which combines the manufacturing and non-manufacturing sectors, remained stable at 50.8, signaling stable overall economic performance.
Looking at the broader economic landscape, analysts have observed that positive trends will continue. Market demand and supply are showing steady growth, with new economic drivers and accelerating manufacturing of consumer goods. Business expectations are also on the rise, further reinforcing a trend toward economic stabilization and recovery.
Data suggests that China’s economy is gradually gaining ground, with indicators pointing to a strengthening growth outlook in the coming months, the NBS said.
