Chinese manufacturing heats up in November
Published by Joseph Green,
Editor
World Cement,
Reuters are reporting that activity in China's manufacturing sector grew more than expected in November, expanding at its strongest pace in more than two years, as the world's second-largest economy picks up momentum heading into what promises to be a rocky 2017.
After a difficult start to the year, China's factories have perked up in recent months, buoyed by a government infrastructure building spree and a housing boom that is starting to show signs of fatigue.
Growth has also accelerated in the services sector to levels not seen since 2014, pointing to improvement not only in heavy industries like steel but also in the broader economy.
The official Purchasing Managers' Index (PMI) rose to 51.7 in November from previous month's 51.2 and above the 50-point mark that separates growth from contraction on a monthly basis.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/01122016/chinese-manufacturing-heats-up-in-november/
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