China Caixin PMI Manufacturing rose to 54.9 in November, up from 53.6, above expectation of 53.6. That’s also the strongest reading since November 2010. The sector improved for the seven straight months, indicating a sustained and strong recovery. Markit also noted that both output and new orders increased at the fastest rates for 10 years. Employment expanded at quickest pace since May 2011.
Wang Zhe, Senior Economist at Caixin Insight Group said: “We expect the economic recovery in the post-epidemic era to continue for several months. At the same time, deciding how to gradually withdraw the easing policies launched during the epidemic will require careful planning as uncertainties still exist inside and outside China.”
