The purchasing managers' index for China's manufacturing sector firmed up to 50.2 in November from 49.3 in October, the National Bureau of Statistics or NBS said Saturday.
A reading above 50 indicates expansion, while a reading below reflects contraction.
November's figure re-entered the expansion zone, ending month-on-month contraction reported in the previous six months in a row, said NBS senior statistician Zhao Qinghe.
On a month-on-month basis, the sub-index for production gained 1.8 points to 52.6 in November, signaling faster expansion, while that for new orders rebounded by 1.7 points to 51.3, back in the expansion zone.
Improvements were seen in both the supply side and demand side, with both indices at their highest level since the second half of the year, said Zhao.
Imports and exports were improving in November, said Zhao, as the NBS data showed the sub-index for new export orders gained 1.8 points to 48.8, while the index for imports climbed 2.9 points to 49.8.
Chinese enterprises, in general, reported prosperity rebounds, with the PMI of large enterprises up 1 point from the previous month to 50.9, back in the expansion zone.
In November, PMI of high-tech manufacturing, equipment manufacturing and consumer goods all rose for two consecutive months, showing accelerated transformation and upgrades, said Zhao.
Meanwhile, China's non-manufacturing sector registered faster expansion in November with its PMI at 54.4, up from 52.8 in October, NBS data showed.
(Source:ourjiangsu.com)
