The official China PMI Manufacturing rose to 52.1 in November, up from 51.4, above expectation of 51.5. That’s the highest reading in more than three years. It’s also the ninth straight month of growth reading. PMI Services rose to 56.4, up from 56.2, above expectation of 56.0.
According the Zhao Qinghe, the bureau’s senior statistician. Four factors grove manufacturing activity. Both supply and demand of Chinese manufactured goods continued to improve. Imports and exports steadily recovered. Prices of both raw materials and output rose. Prospect of manufacturers of all sizes also improved.
