Manufacturing in China improves as power shortages ease

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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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Workers wearing face masks to help curb the spread of coronavirus assembly ice skating shoes at a manufacturing plant in the snow and ice sports equipment industrial park in Zhangjiakou, north Hebei Province -west China), July 15, 2021 (AP

“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.


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