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China business sentiment index up again in December
By Hu Xiaocen |
December 28, 2012, Friday
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Online Edition
Online Edition
BUSINESS conditions in China continued to improve this month, though softened after rising for three months in a row as new orders slowed, a survey showed today.
The overall business sentiment was in expansion for the fourth consecutive month in December, Market News International (MNI), a unit of Deutsche Boerse Group, said in a report today.
The MNI China Business Indicator, a monthly index that measures economic conditions in the country, edged down to 52.22 this month from 53.78 in November. The index was at 52.78 a year ago and so has ended the year right around where it started, said MNI.
A reading above 50 indicates business expansion. A figure below 50 means contraction.
Key sub-indicators softened but mostly remained in the expansionary territory, still vulnerable to any external or domestic setback. Meanwhile, expectations for the future continued to improve in December, according to the report.
"Companies are still being squeezed by higher input costs and an inability to raise their own prices enough to keep up, while credit availability continues to be an issue. The results for much of this year have reflected the anticipation of the changeover at the top levels of Chinese leadership that took place in November," MNI said in the report.
"The results may indicate some expectation of government policy action ahead," it added.
The overall business sentiment was in expansion for the fourth consecutive month in December, Market News International (MNI), a unit of Deutsche Boerse Group, said in a report today.
The MNI China Business Indicator, a monthly index that measures economic conditions in the country, edged down to 52.22 this month from 53.78 in November. The index was at 52.78 a year ago and so has ended the year right around where it started, said MNI.
A reading above 50 indicates business expansion. A figure below 50 means contraction.
Key sub-indicators softened but mostly remained in the expansionary territory, still vulnerable to any external or domestic setback. Meanwhile, expectations for the future continued to improve in December, according to the report.
"Companies are still being squeezed by higher input costs and an inability to raise their own prices enough to keep up, while credit availability continues to be an issue. The results for much of this year have reflected the anticipation of the changeover at the top levels of Chinese leadership that took place in November," MNI said in the report.
"The results may indicate some expectation of government policy action ahead," it added.
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