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DE | Anytime | Flash | China’s Manufacturing PMI Back To Expansionary Territory – 11/29/2021
China’s official Manufacturing PMI rebounded to expansionary territory in November, rising to 50.1 after two months of contractionary readings. Output jumped to 52 from 48.4. New Orders improved to 49.4 from 48.8. Employment edged up to 48.9 from 48.8, and the Supplier’s delivery rose to 48.2 from 46.7. Business Sentiment went up to 53.8 from 53.6.
However, the Non-Manufacturing PMI eased to 52.3 from 52.4, with worsened outbreaks continuing to blow the Service Sector. New Orders slid to 48.9 from 49, while New Export Orders stayed at 47.5. Employment went down to 47.3 from 47.5, and Business Sentiment moderated to 58.2 from 58.8.