China manufacturing sentiment hits highest level in nine years in November
China's manufacturing activity extended its strong growth in November, according to data released on Tuesday.The Caixin/Markit manufacturing purchasing managers' index (PMI) rose to 54.9 in November from 53.6 in October, the sharpest improvement in conditions since November 2010. A Bloomberg survey had expected a slight decline to 53.5.The Caixin/Markit PMI focuses more on small, private firms unlike the official index whose respondents come mostly from larger, state-owned firms.A PMI reading…
South China Morning Post
Tue, 01 Dec 2020 09:51:15 +0800
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