透过11月份“关键经济指标”看中国制造业“稳+进” 金融活动和新动能表现良好

Core Viewpoint - The manufacturing sector in China shows signs of stabilization and recovery in demand, with the Purchasing Managers' Index (PMI) indicating an overall positive trend in November [1][3]. Manufacturing Sector Summary - The manufacturing PMI for November is reported at 49.2%, an increase of 0.2 percentage points from the previous month, with most sub-indices showing improvement [3]. - The production index and new orders index both increased, with the production index reaching the critical point of 50% [4]. - New export orders across four major industries and businesses of various sizes have all risen compared to the previous month, particularly high-tech manufacturing, which saw an increase of over 3 percentage points [6]. - The production index for November is at 50%, up by 0.3 percentage points, indicating stable manufacturing activity [10]. - The finished goods inventory index decreased to 47.3%, down 0.8 percentage points from the previous month, suggesting smoother sales activities for enterprises [10]. Non-Manufacturing Sector Summary - The non-manufacturing business activity index for November stands at 49.5%, reflecting a slowdown in overall business activities, particularly in consumer-related services [11]. - Financial activities and new momentum sectors are performing well, with the financial business activity index and new orders index both rising significantly above 55% [11]. - The non-manufacturing business activity expectation index is at 56.2%, up 0.1 percentage points from the previous month, indicating stable optimistic expectations among enterprises for future market development [15].