Measure of Chinese manufacturing edges up in November
{{#rendered}} {{/rendered}}A monthly survey of Chinese manufacturing shows activity improved in November, adding to signs of a pickup in global and domestic demand.
The China Federation of Logistics and Purchasing said Thursday its purchasing managers' index rose to 52.4 from October's 51.6 on a 100-point scale on which numbers above 50 show activity accelerating.
Components of the survey that measure imports, exports and new orders all improved, while the indicator for employment weakened.
{{#rendered}} {{/rendered}}Julian Evans-Pritchard of Capital Economics said in a report, "the breakdown shows a broad-based pickup in demand."