Purchasing Managers' Index
PMI 2020
Updated: Dec 10, 2020
National Bureau of Statistics
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The purchasing managers' index (PMI) for China's manufacturing sector came in at 52.1 in November, up from 51.4 in October, the National Bureau of Statistics (NBS) said.
A reading above 50 indicates expansion, while a reading below reflects contraction.
The November PMI, the highest seen this year, marked the ninth consecutive month of expansion, data from the NBS showed.
The growth of the PMI in November, together with improvements in all sub-indexes, indicated greater vitality in the country's manufacturing sector and a faster pace of recovery, said NBS senior statistician Zhao Qinghe.
The sub-index for production stood at 54.7 in November, up 0.8 points from October, while that for new orders gained 1.1 points to 53.9, signaling that the recovery of market demand has picked up pace.
The new export order and import sub-indexes climbed to 51.5 and 50.9 in November, up 0.5 points and 0.1 points respectively from the previous month.
Both new export order and import sub-indexes hit a year-high in November and stayed in the expansion territory for three consecutive months, according to Zhao.
Nov 30's data also showed that the PMI for country's non-manufacturing sector came in at 56.4 in November, up from 56.2 in October.
The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 56.4 in November, up from 56.2 in October, the National Bureau of Statistics said on Nov 30.
A reading above 50 indicates expansion, while a reading below 50 reflects contraction.
The non-manufacturing PMI has remained above 50 for nine consecutive months, data from the NBS showed.
In November, the service sector continued to accelerate its pace of recovery, with the sub-index for business activities expanding to 55.7 from 55.5 in the previous month.
Thanks to the country's targeted and timely measures against COVID-19, the consumer market recovered in an orderly manner, and the service sector rebounded steadily, said NBS senior statistician Zhao Qinghe.
A breakdown of the data showed the sub-indexes for business activities of rail transportation, civil aviation and finance remained above 60, Zhao added.
The construction industry continued its robust growth, as the sub-index for business activities stood at 60.5, up from 59.8 in October.
