China factory activity expands for second straight month in November

National Bureau of Statistics purchasing managers' index hits 7-month high of 50.3

Workers monitor the production line of drip tape fittings at a factory in Gansu province in October. Two months of positive PMI readings suggest factory floor sentiment in China is improving. © Reuters

November 30, 2024 11:32 JST

BEIJING (Reuters) -- China's factory activity expanded modestly for a second straight month in November, an official survey released on Saturday shows, adding to a string of recent data suggesting a blitz of stimulus is finally trickling through the world's second-largest economy.

The National Bureau of Statistics purchasing managers' index (PMI) rose to 50.3 -- a seven-month high -- from 50.1 in October, above the 50-mark separating growth from contraction and beating a median forecast of 50.2 in a Reuters poll.