China’s manufacturing activity rebounded in November as orders improved and power shortages eased, a survey found on Tuesday.
An industry group and the national statistics agency said a monthly purchasing manager index rose to 50.1 from 49.2 in October on a 100-point scale. The index has spent the previous two months below 50, showing a decline in activity.
A production measure rose 3.6 points to 52, indicating that activity was recovering from electricity rationing imposed in major manufacturing areas in September to meet official energy efficiency targets.
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“Industrial activity rebounded this month as disruptions from power shortages eased,” Capital Economics’ Sheana Yue said in a report.
Yue noted that the recovery faces uncertainty due to the spread of the omicron variant of the coronavirus.
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She said manufacturers are also facing supply shortages, but this has been at least partially offset by falling material prices.
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A measure of new export orders rose 1.9 points to 48.5 while overall new orders improved 0.6 points to 49.4, according to the federation and the National Bureau of Statistics.