Thought for the day

China’s Manufacturing Confidence Climbs to 13-Month High in November. But Many Companies are still Impacted by Covid Related Issues


 
27 April 2024
 
Although half of all Chinese Sales Managers Manufacturing Indexes were treading water in November, Business Confidence has been steadily recovering and is now at its highest level in more than a year. And all Manufacturing Indexes rose to a better end of month position than was the case a month ago. Overall the manufacturing situation can perhaps best be described as one of stagnation, but with increasing and quite widely spread confidence that matters will improve over the next few months.

Manufacturing & Service Sector Business confidence in November
Diffusion Index. (50 = 'No Change')
China’s Manufacturing Confidence Climbs to 13-Month High in November. But Many Companies are still Impacted by Covid Related Issues

The continued stagnation of the Manufacturing sector, was more than mirrored in the large Services area of business activity. Of the growth related indexes, only the Business Confidence Index managed to creep over the no change 50 mark, and then hardly to an awe inspiring degree... suggesting China has some way to go before it can benefit from overall economic growth at levels anywhere near to those recorded pre Covid Continue reading for more analysis, charts & data. [SUBSCRIBER ONLY]



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