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China business sentiment index rises a little in June
By Hu Xiaocen |
June 29, 2012, Friday
|
Online Edition
Online Edition
CHINA'S business conditions improved in June at the slowest pace so far this year due to a credit crunch and increased payrolls, the latest MNI China Business Sentiment Indicator showed.
Market News International, a unit of Deutsche Boerse Group, said the index, which measures overall business conditions, fell to 53.21 from 54.40 in May, the lowest level for the headline index since last December.
The final June result is a slight increase over last week's flash reading of 51.92, the lowest since January 2009, MNI said today.
An index figure above 50 indicates business activity is growing or improving. A figure below 50 means contraction.
Input prices continued to moderate while interest rates paid by companies fell sharply this month. Interest rates are expected to continue falling in the next three months as Beijing has moved to ease its monetary control, MNI said.
Market News International, a unit of Deutsche Boerse Group, said the index, which measures overall business conditions, fell to 53.21 from 54.40 in May, the lowest level for the headline index since last December.
The final June result is a slight increase over last week's flash reading of 51.92, the lowest since January 2009, MNI said today.
An index figure above 50 indicates business activity is growing or improving. A figure below 50 means contraction.
Input prices continued to moderate while interest rates paid by companies fell sharply this month. Interest rates are expected to continue falling in the next three months as Beijing has moved to ease its monetary control, MNI said.
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