China Nov factory activity unexpectedly grows as supply snags ease

The official manufacturing PMI was at 50.1 in November, up from 49.2 in October

China's factory activity unexpectedly picked up in November, growing for the first time in three months as raw material prices fell and power rationing abated, taking some pressure off a manufacturing sector grappling with soft demand. 

The official manufacturing Purchasing Manager's Index (PMI) was at 50.1 in November, up from 49.2 in October, data from the National Bureau of Statistics (NBS) showed on Tuesday. 
 

The 50-point mark separates growth from contraction. 

Analysts had expected it to come in at 49.6. 

The world's second-largest economy, which staged an impressive rebound from last year's pandemic slump, has lost momentum in the second half