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The global fashion business journal

Dec 6, 201911:51pm

China manufacturing, first rise in six months amidst a possible deal with US

After six months on the low, the official Purchasing Manager Index (PMI) stood at 50.2 points, up from the 49.3 points in October.

Dec 2, 2019 — 4:31pm
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China manufacturing, first rise in six months amidst a possible deal with US

 

 

The Chinese manufacturing industry grows again. After six months in the low, weighed down by trade war between China and the United States, the official manufacturing purchasing managers’ index (PMI) rebounds again. The PMI stood at 50.2 points in November, nine tenths more than the previous month, when it reached 49.3 points according to the National Bureau of Statistics’.

 

So far this year, the PMI only increased in March and April, while in October the indicator fell by five tenths to 49.3 points. In November, imports and exports also improved. The index for exports rose 1.8 points to 48.8 points while the import index rose 2.9 points to 49.8 points.

 

On the other hand, construction and services sectors continue their upwards momentum but analysts stated that trade war and debt will continue to weight on the economy of the Asian country in the months ahead.

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