NBS: China’s Nov manufacturing PMI back to expansion
Dec 02, 2019 13:40
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China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry returned to the expansion zone in November after having hovered in contraction area for six months earlier on, or rebounding 0.9 basis point on month to 50.2, the latest release from China’s National Bureau of Statistics (NBS) on Saturday.
“Both supply and demand (in manufacturing industry) saw recoveries (last month) to high levels for the second half of this year… Imports and exports also turned for the better… Domestic manufacturing enterprises in different scales posted better sentiment too,” Zhao Qinghe, the senior statistician of NBS, was quoted commenting so