The hottest November Manufacturing Purchasing Mana

The purchasing managers' index of China's manufacturing industry hit a high point in the year in November. Release date: Source: people people people

China Federation of logistics and purchasing and the service industry survey center of the National Bureau of statistics released that the purchasing managers' index (PMI) of China's manufacturing industry in November was 52.1%, up 0.7 percentage points from the previous month, hitting a high point in the year, and operating at 51% or above for five consecutive months. The momentum of economic recovery is stable. The sub index changes show that the quality of economic recovery is improving, the recovery momentum is enhanced, the operational balance is improved, the stability of the foreign trade market is better, the ability of enterprises to absorb costs is rising, and new momentum continues to increase

"in November, the manufacturing PMI rebounded, and all sub indexes generally rebounded, indicating that the overall recovery trend of the manufacturing industry is more clear." Zhang Liqun, a researcher at the development research center of the State Council and a special analyst of the China Federation of logistics and purchasing, believes that excluding the impact of the National Day holiday, from September to November, the manufacturing PMI increased steadily, indicating that the economy showed the characteristics of sustained and stable recovery, especially the recovery of downstream industry production began to drive the upstream industry, and the recovery characteristics of the whole industrial chain tended to be obvious

Wen Tao, an analyst at China Logistics Information Center, believes that from the change of manufacturing PMI in November, China's current economic recovery has accelerated, and the growth of market supply and demand has accelerated, driving the market price to rise about Honeywell, foreign trade to maintain steady growth, large and medium-sized enterprises to rise in synergy, and high-end manufacturing to accelerate growth. Although the international epidemic is still accelerating its spread, China's economy has great potential and strong resilience. With the further efforts of the policies of "therefore changing the six stability of rubber hardness" and "six guarantees", the economy will continue to accelerate its recovery

market supply and demand accelerated, and the momentum for economic recovery increased. In November, the effect of the policy of expanding domestic demand implemented continuously in the early stage further appeared, and the market demand picked up faster, driving the rapid growth of enterprise production. The new order index was 53.9%, up 1.1 percentage points from the previous month, the highest level since 2018. The production index was 54.7%, up 0.8 percentage points from the previous month, at a high level of more than 53% for nine consecutive months, indicating that the enterprise production was relatively active

the fundamentals of economic recovery have expanded and the balance of economic operation has improved. In November, the fundamentals of economic recovery expanded. Among the 21 manufacturing subsegment industries, PMI increased in 14 industries from the previous month, and only 2 industries were less than 50%, indicating that most industries maintained the momentum of accelerating recovery. Due to the simultaneous improvement of market supply and demand, coupled with the continuous efforts of the enterprise relief policy, various industries have rebounded rapidly, large and medium-sized enterprises have developed well, and the balance of economic operation has improved

the growth of high-end manufacturing industry has accelerated, and the new momentum has continued to increase. In November, driven by the obvious rise in domestic and foreign market demand, the high-end manufacturing industry accelerated its growth. The PMI of the equipment manufacturing industry was 53.1%, up 0.6 percentage points from the previous month. The new order index and the new export order index increased by 0.6 and 1.3 percentage points to 54.8% and 53% respectively from the difficult month due to the active measurement and control common sense; The PMI of high-tech manufacturing industry was 56.2%, up 2.6 percentage points from the previous month. Judging from the index level and rising range, the equipment manufacturing industry and high-tech manufacturing industry have continued to strengthen rapidly, which is conducive to accelerating the economic transformation to high-quality development, such as the well-known iPhone 5/5s

the China Federation of logistics and purchasing and the service industry survey center of the National Bureau of statistics released on the same day that China's non manufacturing business activity index in November rose 0.2 percentage points to 56.4% from the previous month, rising month on month for four consecutive months and maintaining above 56% for two consecutive months. Cai Jin, vice president of China Federation of logistics and purchasing, believes that in November, the non manufacturing industry maintained a stable and positive basic trend, forming a strong driving force for economic recovery. It is expected that the recovery of the consumer goods market will further strengthen in December, driven by the relevant government policies to promote consumption and the holiday consumption expectations at the end of the year