{"id":123520,"date":"2021-11-30T03:48:34","date_gmt":"2021-11-30T03:48:34","guid":{"rendered":"https:\/\/fin2me.com\/?p=123520"},"modified":"2021-11-30T03:48:34","modified_gmt":"2021-11-30T03:48:34","slug":"chinas-factory-activity-unexpectedly-grows-in-november-as-supply-pressures-ease","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/chinas-factory-activity-unexpectedly-grows-in-november-as-supply-pressures-ease\/","title":{"rendered":"China&#x27;s factory activity unexpectedly grows in November as supply pressures ease"},"content":{"rendered":"<ul>\n<li>China&#x27;s factory activity unexpectedly picked up in November, growing for the first time in three months as raw material prices fell and power rationing abated.<\/li>\n<li>The official manufacturing Purchasing Manager&#x27;s Index (PMI) was at 50.1 in November, up from 49.2 in October, data from the National Bureau of Statistics showed.<\/li>\n<li>China has lost momentum in the second half of the year as it grapples with a slowing manufacturing sector, debt problems in the property market and Covid-19 outbreaks.<\/li>\n<\/ul>\n<p>China&#x27;s factory activity unexpectedly picked up in November, growing for the first time in three months as raw material prices fell and power rationing abated, taking some pressure off a manufacturing sector grappling with soft demand.<\/p>\n<p>The official manufacturing Purchasing Manager&#x27;s Index (PMI) was at 50.1 in November, up from 49.2 in October, data from the National Bureau of Statistics (NBS) showed on Tuesday.<\/p>\n<p>The 50-point mark separates growth from contraction. Analysts had expected it to come in at 49.6.<\/p>\n<p>The world&#x27;s second-largest economy, which staged an impressive rebound from last year&#x27;s pandemic slump, has lost momentum in the second half of the year as it grapples with a slowing manufacturing sector, debt problems in the property market and Covid-19 outbreaks.<\/p>\n<p>Analysts expect a further slowdown in fourth-quarter gross domestic product (GDP) growth from a 4.9% year-on-year rise in the previous quarter.<\/p>\n<h2>Read more about China from CNBC Pro<\/h2>\n<p>Move aside, Alibaba. Morningstar says it prefers another Chinese e-commerce stock<\/p>\n<p>Goldman Sachs upgrades 4 Asian stock markets for 2022 \u2014 and lists stocks to buy<\/p>\n<p>Morningstar picks property stocks that could win as China tries to &#x27;clean up the space&#x27;<\/p>\n<p>Reflecting the positive the headline PMI, a sub index for production rose to 52.0 in November from 48.4 in October, due to easing power rationing and the pullback in some raw material prices.<\/p>\n<p>New orders also fell at a slower pace, although November marked the fourth straight month of declines in customer demand.<\/p>\n<p>A sub-index for input prices stood at 52.9 in November, down significantly from 72.1 in the previous month.<\/p>\n<p>Factory gate inflation hit a 26-year high in October, further squeezing profit margins for producers and heightening stagflation concerns. As a result, policy sources say\u00a0China&#x27;s central bank will likely move cautiously on loosening monetary policy to bolster the economy.<\/p>\n<p>Premier Li Keqiang last week acknowledged that\u00a0China&#x27;s economy faces new downward pressures but said authorities should avoid an &quot;aggressive&quot; one-size-fits-all approach.<\/p>\n<p>The official non-manufacturing PMI in November eased to 52.3 from 52.4 in October, as the services sector took a hit from the fresh lockdown measures as\u00a0China\u00a0raced to contain the latest outbreak.<\/p>\n<p>China&#x27;s official October composite PMI, which includes both manufacturing and services activity, stood at 52.2, up from October&#x27;s 50.8.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/11\/30\/china-factory-activity-grows-in-november-as-supply-issues-ease.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#x27;s factory activity unexpectedly picked up in November, growing for the first time in three months as raw material prices fell and power rationing abated. [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":123519,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China&#x27;s factory activity unexpectedly grows in November as supply pressures ease - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/chinas-factory-activity-unexpectedly-grows-in-november-as-supply-pressures-ease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China&#x27;s factory activity unexpectedly grows in November as supply pressures ease - Fin2me\" \/>\n<meta property=\"og:description\" content=\"China&#x27;s factory activity unexpectedly picked up in November, growing for the first time in three months as raw material prices fell and power rationing abated. 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