China's November manufacturing PMI exceeds 50 for second consecutive month - Chinese media

On November 30, the China Logistics and Purchasing Federation and the National Bureau of Statistics announced the November manufacturing Purchasing Managers' Index (PMI).
The growth of the MI is accelerating, and the economic level of the Chinese economy is showing a stable recovery overall. According to the published data, China's manufacturing PMI for November rose 0.2 points from the previous month to 50.
The manufacturing PMI has risen for three consecutive months and exceeded the 50 mark, the dividing line between economic expansion and contraction, for two consecutive months.
The effects of inventory and volume-increasing policies are becoming apparent, and the supply and demand balance in the market is being maintained.
The November production index and new orders index both rose from the previous month to 52.4 and 50.8, respectively. The new orders index exceeded 50 for the first time since May of this year.
By major industry, the PMIs for new energy manufacturing and consumer goods manufacturing showed relatively high growth. In addition, the PMIs for equipment manufacturing and high-tech manufacturing showed relatively high growth.
All were over 51.