Data released by the National Bureau of Statistics shows that in November, the manufacturing Purchasing Managers' Index (PMI) was 50.3%, which is an increase of 0.2 percentage points from the previous month, indicating a slight acceleration in manufacturing expansion. By enterprise size, the PMI for large enterprises was 50.9%, a decrease of 0.6 percentage points from the previous month, above the critical point; the PMI for medium-sized enterprises was 50.0%, an increase of 0.6 percentage points from the previous month, at the critical point; the PMI for small enterprises was 49.1%, an increase of 1.6 percentage points from the previous month, below the critical point. In terms of classification index, among the five classification indices that make up the manufacturing PMI, the production index, new order index, and supplier delivery time index were all above the critical point, while the raw materials inventory index and employment index were below the critical point.
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