All
 

 

Just in:  

You are here: Home»World»Business & Economy»China official manufacturing index expands in December

china-manufacture 400BEIJING: China's manufacturing activity expanded in December at the same pace as November, official data showed Tuesday, adding to signs the world's number two economy is emerging from a recent slumber.

 

The official purchasing managers' index (PMI) reached 50.6 in December, unchanged from the previous month, according to the China Federation of Logistics and Purchasing and the National Bureau of Statistics.

 

The PMI is a widely watched barometer of the health of China's economy, and a reading above 50 indicates expansion while anything below points to contraction.

 

The result, the highest since April, marked the third straight month the index has shown growth but it fell short of the the median 51.0 forecast of five economists polled by Dow Jones Newswires.

 

The data came a day after a survey by banking giant HSBC showed manufacturing activity surged to a 19-month high of 51.5 from 50.5 in November.

 

A steady strengthening in China's manufacturing sector, and improvements in areas including broader industrial production and retail sales, have spurred optimism that the country's economic slowdown has bottomed out.

 

Growth hit a more than three-year low of 7.4 percent in the third quarter to September, though data for the October-December fourth quarter has led to expectations of a pick-up.

 

Beijing is expected to release gross domestic product data for the past three months later in January.

 

Copyright AFP (Agence France-Presse), 2013

 


 



 
Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln