Indicators
China Private Factory Gauge Grows Again in Sign of Stabilization
- Caixin manufacturing PMI rises to 51.5, the highest since June
- New orders jump as front-loading ramps up before Trump returns
Photographer: AFP/Getty Images
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China’s manufacturing activity expanded for a second straight month, according to a private survey, a further sign of stabilization after Beijing unleashed a stimulus package to shore up the economy.
The Caixin manufacturing purchasing managers index rose to 51.5 last month, the highest since June, according to a statement released by Caixin and S&P Global Monday. The expansion was much greater than the 50.6 forecast by economists and accelerated from 50.3 in October.