Economic Indicators

China Nov manufacturing activity expands for second straight month

4 weeks ago

Less than a minute

2024.11.29 21:00

© Reuters. FILE PHOTO: An employee works on the production line of a robot vacuum cleaner factory of Matsutek in Shenzhen, China August 9, 2019. REUTERS/Jason Lee/File Photo

BEIJING (Reuters) – China’s manufacturing activity expanded for a second straight month in November, an official factory survey showed on Saturday, supporting policymakers’ optimism that recent fresh stimulus will get the world’s No. 2 economy back on track.

The official purchasing managers’ index (PMI) rose to 50.3 in November from 50.1 in October, above the 50-mark separating growth from contraction and beating a median forecast of 50.2 in a Reuters poll.

4 weeks ago

Less than a minute

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