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Chinese manufacturing PMI returns to expansion range in November

Source: National Bureau of Statistics Website release time: 2019-12-03

The National Bureau of Statistics Service Industry Survey Center and the China Federation of Logistics and Purchasing jointly released data on the 30th. In November, China's manufacturing purchasing manager index (PMI) was 50.2%, an increase of 0.9 percentage points from the previous month, and it was lower for 6 consecutive months. After the 50% threshold, it returned to the expansion range again.

In terms of enterprise size, the PMI of large enterprises was 50.9%, an increase of 1 percentage point from the previous month; the PMI of medium-sized enterprises was 49.5%, an increase of 0.5 percentage points from the previous month; the PMI of small enterprises was 49.4%, an increase of 1.5 percentage points from the previous month.

From the perspective of the sub-indices, among the five sub-indices that constitute the manufacturing PMI, the production index was 52.6%, an increase of 1.8 percentage points from the previous month, indicating that the production expansion of manufacturing enterprises has accelerated; the new order index was 51.3%, an increase from the previous month. 1.7 percentage points, returning to the critical point, indicating that the manufacturing market demand has increased; the raw material inventory index was 47.8%, an increase of 0.4 percentage points from the previous month, indicating that the decline in the main raw material inventory of the manufacturing industry has narrowed; the employment index is 47.3%, the same as last month; the supplier delivery time index was 50.5%, an increase of 0.4 percentage points from the previous month, indicating that the delivery time of manufacturing raw material suppliers has accelerated.

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