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Financial News: China Manufacturing Sector Swings To Expansion In November

China Manufacturing Sector Swings To Expansion In November

11/29/2021 - 20:32:00 (RTTNews)

(RTTNews) - The manufacturing sector in China moved into expansion territory in November, the National Bureau of Statistics said on Tuesday with a PMI score of 50.1.

That exceeded expectations for 49.6 and was up from 49.2 in October. It also moved above the boom-or-bust line of 50 that separates expansion from contraction.

The bureau also said its non-manufacturing PMI came in at 52.3, easing slightly from 52.4 in the previous month.

The general PMI that combines the two had a score of 52.2 - up from 50.8 a month earlier.

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