December 02, 2024 02:32 GMT
MNI BRIEF: Caixin Nov Manufacturing PMI Hits Four-Month High
The Caixin PMI rises back to expansionary zone.
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MNI (SYDNEY)
China's Caixin manufacturing PMI registered 51.5 in November, up from October's 50.3, its highest level since August, staying in the expansionary zone above the 50 mark for the second month, the financial publisher said on Monday.
The production and new orders sub-indices rose in the expansion range and hit their highest level since July 2024 and March 2023, respectively, as manufacturers reported improved demand supported by the release of new products.
Caixin's PMI mainly tracks SME manufacturers. The official PMI released Saturday, which typically covers large state-owned companies, registered 50.3 in November, up from October's 50.1 reading.
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