Chinas Manufacturing Activity Expands Unexpectedly in November ’19
According to Vision Markets’ analyses, China’s industrial manufacturing sector accounted for around 30% of the global turnover with Machine Vision components in 2018. This year’s decline in China’s production output hit many Machine Vision players severely.
Yet, a privately polled PMI by Caixing and Markit indicated an unexpected expansion of Chinese manufacturing activities in November 2019 with a reading at 51.8. PMI values above 50 indicate an expansion, below 50 indicate a contraction.
Chinas official Manufacturing Purchasing Managers Index (PMI) also showed China’s manufacturing activity expands more than expected. Its reading of 50.2 is the highest in 8 months and indicates a positive trend regarding new orders, production volume, and employment.
China Manufacturing PMI is calculated by state statistics bodies based on a monthly survey of purchasing managers from 3000 Chinese manufacturing companies.
The questionnaire includes 13 questions about business condition aspects in the past month like:
- production volume
- the number of new orders
- supplier deliveries
- expectations for production
- and business activity for the next 6 months.
