China’s manufacturing sector showed unexpected resilience in November, as the Caixin Manufacturing PMI climbed to 51.5, exceeding forecasts of 50.5. This marks a significant improvement from October’s reading of 49.9, signaling a return to expansion and boosting optimism for the world’s second-largest economy.
The stronger-than-expected data reflect recovering demand and enhanced production output, suggesting stabilization amid global uncertainties. Analysts credit policy support and rebounding export orders for the uptick, despite persistent concerns over external demand and slowing global trade. The latest figures add weight to hopes that China’s economy may maintain momentum as 2024 approaches.
