Survey shows China’s manufacturing activity rebounded in November as orders improved and power shortages eased
BEIJING – China’s manufacturing activity rebounded in November as orders improved and electricity shortages eased, a survey found on Tuesday.
An industry group and the national statistics agency said a monthly purchasing manager index rose to 50.1 from 49.2 in October on a 100-point scale. The index has spent the previous two months below 50, showing a decline in activity.
A production measure rose 3.6 points to 52, indicating that activity was recovering from electricity rationing imposed in major manufacturing areas in September to meet official energy efficiency targets.
“Industrial activity rebounded this month as disruptions from power shortages eased,” Capital Economics’ Sheana Yue said in a report.
A measure of new export orders rose 1.9 points to 48.5 while overall new orders improved 0.6 points to 49.4, according to the federation and the National Bureau of Statistics.