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China's factory index highest since 2017 on the back of strong demand

Bloomberg
Bloomberg11/30/2020 10:26 AM GMT+08  • 2 min read
China's factory index highest since 2017 on the back of strong demand
Chang Shu of Bloomberg Economics sees the strength of the recovery extending into year-end and into the start of the new year.
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An official gauge of activity in China’s manufacturing sector rose faster that expected in November, suggesting the economy’s recovery is gathering pace toward the end of the year.

  • The manufacturing purchasing managers’ index rose to 52.1 in November from 51.4 in the previous month, according to data released Monday by the National Bureau of Statistics. That was the highest since September 2017 and beat the 51.5 median estimate in a Bloomberg survey of economists
  • The non-manufacturing gauge climbed to 56.4 from October’s 56.2, exceeding the median forecast of 56. Readings above 50 indicate improving conditions from the previous month.

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