In November 2019, China’s manufacturing purchasing managers index (PMI) was 50.2%, up by 0.9 percent point from the previous month.

Fig. : Manufacturing PMI (Seasonally Adjusted)

In the view of enterprise scales, the PMI of large-sized enterprise was 50.9%, up by 1.0 percent point from last month; that of medium-sized and small-sized enterprises was 49.5% and 49.4%, respectively rebounded 0.5 and 1.5 percentage point from last month.

Among the five sub-indices composing PMI, the production index, new orders index and supplier distribution time index were higher than the threshold, while main raw materials inventory index and employment index were lower than the threshold.