Purchasing managers' index for the rise in manufacturing rose to 52.1 points
In China, the sentiment indicator for medium-sized and small industrial companies also points to a strong recovery in the important sector. The purchasing managers' index for industry, compiled by the business magazine Caixin, climbed to 54.9 (October: 53.6) points in November. The business magazine announced in Beijing on Tuesday that this was the highest value for almost ten years. Economists polled by Bloomberg had expected a slight decline.
The government had already presented its purchasing manager index for industry on Monday. This mainly focuses on the large and state-dominated corporations – and this indicator also turned out better than experts had expected. It rose to 52.1 (October: 51.4) points, as the government announced in Beijing on Monday. Experts had only expected a minimal increase.
Both indices are thus still well above the so-called expansion threshold – industrial production should therefore continue to recover strongly. In October this had increased by 6.9 percent compared to the previous year; over the first ten months, the increase is 1.8 percent. The November dates will be released on December 15th.
