China’s factory activity hits 5-month high in November: Caixin PMI

China’s factory activity expanded at the fastest pace in five months in November as new orders, including from abroad, led to a solid rise in production, pushing manufacturers’ optimism degree to an eight-month high, a private-sector survey showed on Monday.

New orders placed with Chinese manufacturers increased at the fastest rate since February 2023.

New export orders, in particular, rose for the first time in four months and marked the highest in seven months. The orders mainly rose in the investment and intermediate goods segments and fell fractionally for consumer goods makers.

Anecdotal evidence revealed that better underlying demand, new product launches and stockpiling following the US election were among the reasons for the rise in new work.