China's November manufacturing business sentiment index surpassed the milestone level of economic judgment for the first time in three months, and the Chinese government said that the power shortage that had affected corporate production improved. increase.
According to the Manufacturing PMI = Purchasing Managers' Business Confidence Index, which is surveyed by the National Bureau of Statistics of China for 3,000 manufacturing companies, the index in November was 50.1, 0.9 points higher than in October.
It was the first time in eight months that there was an improvement from the previous month, and it exceeded "50", which is the turning point for judging whether the economy is good or bad, for the first time in three months.
According to the National Bureau of Statistics of China, orders for exports increased due to improved power supply conditions that had affected factory operations, lower prices for some raw materials such as metals, and strong demand during the year-end sales season overseas. Etc. are the main factors.
According to the National Bureau of Statistics, "the pace of expansion of corporate production and business activities is accelerating overall."
On the other hand, the business sentiment index of non-manufacturing industries such as the service industry was 52.3, slightly lower than the previous month by 0.1 points, due to the fact that some areas of the country were infected with the new coronavirus. It has declined for months in a row.
Regarding the Chinese economy, there is still a strong sense of caution about the future due to the effects of rising crude oil prices and the decline in sales and development of the real estate industry, and the government's economic management is the focus.