China Nov Official Factory PMI Rises To 51.8, Beats Forecasts


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Growth in China's manufacturing sector unexpectedly picked up in November, despite a crackdown on air pollution and a cooling property market that have been widely expected to weigh on the world's second-largest economy.

The official Purchasing Managers' Index (PMI) released on Thursday stood at 51.8 in November, compared with 51.6 in October and comfortably above the 50-point mark that separates growth from contraction on a monthly basis.

Analysts surveyed by Reuters had forecast the reading would come in at 51.4, easing for a second straight month after September's more than five-year high.