Beijing, November 30 (QNA) – The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 48 in November, down from 49.2 in October.
A reading above 50 indicates expansion, while a reading below reflects contraction, data from the National Bureau of Statistics showed Wednesday.
Production activities have been slowed down by the epidemic outbreaks, with the sub-index for production standing at 47.8 in November, down 1.8 percentage points from the previous month. Demand has also declined, with the sub-index for new orders dropping 1.7 percentage points from October to 46.4, according to China’s (Xinhua) News Agency.
Wednesday’s data also showed the PMI for China’s non-manufacturing sector came in at 46.7 in November, down from 48.7 in October.
The November reading was weighed on by sporadic and scattered COVID-19 resurgences at home and the complex international environment, the bureau’s senior statistician Zhao Qinghe said. (QNA)
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