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China's factory activity growth hits 5-month high in November
The Straits Times
|December 03, 2024
New orders boost production and outlook amid signs of stimulus effect
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China's factory activity expanded at the fastest pace in five months in November as new orders, including those from abroad, led to a solid rise in production, pushing manufacturers' optimism to an eight-month high, a private sector survey showed on Dec 2.
The reading largely echoed an official survey on Nov 30, which showed manufacturing activity expanded modestly, suggesting a blitz of stimulus is finally trickling through the world's second-largest economy just as US President-elect Donald Trump ramps up his trade threats.
The Caixin/S&P Global manufacturing purchasing managers' index rose to 51.5 in November from 50.3 the previous month, the highest since June and beating analysts' forecasts in a Reuters poll of 50.5.
New orders placed with Chinese manufacturers increased at the fastest rate since February 2023.
Denne historien er fra December 03, 2024-utgaven av The Straits Times.
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