Related News
Flash PMI rises to 13-month high
By Ye Zhen |
November 22, 2012, Thursday
|
Online Edition
Online Edition
HSBC's Flash China Purchasing Managers' Index, the earliest indicator of the nation's manufacturing activities, climbed to a 13-month high of 50.4 in November to, up from October's final reading of 49.5, HSBC Holdings PLC announced today.
It's the first time in 13 months the index climbed above the 50 mark that demarcates expansion from contraction. The index is a gauge of manufacturing activity slanted more towards private and export-oriented firms.
A sub-index of output rose to 51.3, also the highest since 2011 October.
The figures reflect the easing pressure upon the destocking process and confirm that the economy has bottomed out and start to recover, said Qu Hongbin, HSBC's chief economist for China.
It's the first time in 13 months the index climbed above the 50 mark that demarcates expansion from contraction. The index is a gauge of manufacturing activity slanted more towards private and export-oriented firms.
A sub-index of output rose to 51.3, also the highest since 2011 October.
The figures reflect the easing pressure upon the destocking process and confirm that the economy has bottomed out and start to recover, said Qu Hongbin, HSBC's chief economist for China.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
