Trade Resources Market View PMI for China's Manufacturing Sector Was at 51.4 Percent in November

PMI for China's Manufacturing Sector Was at 51.4 Percent in November

The purchasing managers' index (PMI) for China's manufacturing sector was at 51.4 percent in November this year, unchanged compared to October and remaining above 50 percent for the 14th consecutive month, according to China's National Bureau of Statistics (NBS).

In the given month, the production index for China's manufacturing sector moved up by 0.1 percentage point month on month to 54.5 percent, while the new order index for the sector decreased by 0.2 percentage points compared to the previous month to 52.3 percent. In November, the new export index for the Chinese manufacturing sector rose by 0.2 percentage points month on month to 50.6 percent, while the import index for the sector was up by 0.5 percentage points month on month to 50.5 percent.

The raw material inventory index for China's manufacturing sector was at 47.8 percent in November, down 0.8 percentage points compared to the previous month.

Also in November, the employment index for China's manufacturing sector stood at 49.6 percent, up 0.4 percentage points, while the supplier delivery time index for the sector in question was at 50.6 percent, down 0.2 percentage points, both month on month.

Source: http://www.steelorbis.com/steel-news/latest-news/nbs-chinas-manufacturing-sector-pmi-stable-at-514-in-november-798471.htm
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NBS: China’S Manufacturing Sector PMI Stable at 51.4% in November
Topics: Machinery