China’s manufacturing activity rebounds in Nov as power shortages ease
China’s manufacturing activity rebounded in November as orders improved and power shortages eased, a survey showed Tuesday.
An industry group and the national statistics agency said a monthly purchasing managers’ index rose to 50.1 from October’s 49.2 on a 100-point scale. The index spent the previous two months below 50, which shows activity decreasing.
A measure of production rose 3.6 points to 52, indicating activity was recovering from power rationing imposed in major manufacturing areas in September to meet official energy efficiency targets.
Industrial activity rebounded this month thanks to easing disruptions from power shortages, said Sheana Yue of Capital Economics in a report.
