In November this year, the China HSBC Flash Manufacturing Purchasing Managers Index (PMI) increased to a 13-month high of 50.4 points, as announced by HSBC. Meanwhile, the sub-index measuring manufacturing output in China rose to 51.3, also reaching the highest level since October 2011.
The index points to a substantial recovery in China’s manufacturing sector. "This confirms that the economic recovery continues to gain momentum towards the year-end," stated Qu Hongbin, chief China economist at HSBC. He added, "However, it is still the early stage of recovery and global economic growth remains fragile. This calls for a continuation of policy easing to strengthen the recovery."