According to data released by the National Bureau of Statistics (NBS) on Sunday, the official purchasing managers' index (PMI) for the Chinese mainland's manufacturing sector rose to 49.2 in November, up 0.2 points from October. 📈
While the headline PMI remains just below the 50-point line that separates growth from contraction, the numbers hint at a mild stabilization across the sector.
Key highlights:
- Production index reached 50, marking neutral territory for expansion.
- New orders climbed to 49.2, showing a slight pickup in demand.
- High-tech manufacturing shone bright with a PMI of 50.1, continuing its steady growth. 🔬✨
- Small firms led the rebound at 49.1, followed by medium-sized enterprises at 48.9 and large companies at 49.3.
Beyond the current figures, manufacturers are looking ahead with more optimism. The business outlook index jumped to 53.1, suggesting firms expect better conditions in the coming months. Huo Lihui, chief statistician at the NBS Service Industry Survey Center, noted that confidence is on the rise as companies prepare for year-end opportunities. 🎉
For young entrepreneurs, students, and market-watchers across Asia and beyond, this uptick could signal fresh opportunities, especially in high-tech and small-scale production. Stay tuned as we see whether this momentum picks up in December! 🚀
Reference(s):
cgtn.com
