Chinese Manufacturing Sees Growth After Months of Decline
December 3, 2019
After six months of contractions, China’s manufacturing saw an unexpected boost in November. While it is too soon to tell if the world’s second-largest economy is back on firm footing, the return of manufacturing expansion is a promising sign amidst concerns about consumer inflation and continuing trade tensions.
China’s purchasing manager’s index rose to 50.2 in November, up from 49.3 in October. Any reading above 50 indicates expansion, while a reading below 50, which has been the case since April, indicates contraction.