China's business sentiment picked up slightly in November after falling in the previous month, survey figures from MNI showed Wednesday.
The MNI business sentiment indicator, a gauge of current business confidence, rose to 53.1 in November from 52.2 in the previous month. In September, the reading was 55.8.
The increase in November was driven by gains in new orders and output and the recent depreciation in the yuan.
"Looking ahead, companies remain optimistic about production, demand and their financial standing, underpinning sentiment towards the business environment," Andy Wu, Senior Economist of MNI indicators, said.
For comments and feedback: editorial@rttnews.com