China's manufacturing activity has shown signs of expansion in November 2024, following a series of stimulus measures aimed at revitalizing the economy. The official manufacturing purchasing managers' index (PMI) recorded a value of 50.3, as reported by the National Bureau of Statistics. This figure exceeds the crucial 50 mark, indicating growth in the sector.
Economists surveyed by Bloomberg had anticipated an increase to 50.2 from the previous month's reading of 50.1. The latest data suggests that the measures implemented by the government have begun to take effect, reversing a trend of contraction that had persisted for several months.