NBS: China's manufacturing PMI records 52.1% in Nov
2020-11-30 16:24:43 [Print]
According to National Bureau of Statistics (NBS), China's manufacturing Purchasing Managers Index (PMI) was 52.1% in November 2020, up by 0.7% from the previous month. It was above the threshold for nine consecutive months, indicating that the recovery growth of the manufacturing industry has accelerated.
In terms of enterprise scale, the PMI of large-sized enterprise, medium-sized enterprise and small-sized enterprise was 53.0%, 52.0% and 50.1% respectively, up by 0.4%, 1.4% and 0.7% respectively from the previous month, which were all above the threshold.
Among the five sub-indices composing manufacturing PMI, production index, new orders index and supplier distribution time index were higher than the threshold, while raw material inventory index and employment index were lower than the threshold.
In terms of enterprise scale, the PMI of large-sized enterprise, medium-sized enterprise and small-sized enterprise was 53.0%, 52.0% and 50.1% respectively, up by 0.4%, 1.4% and 0.7% respectively from the previous month, which were all above the threshold.
Among the five sub-indices composing manufacturing PMI, production index, new orders index and supplier distribution time index were higher than the threshold, while raw material inventory index and employment index were lower than the threshold.
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