PMI rebounds
By Wang Yanlin |
March 15, 2012, Thursday
|
Print Edition
Print Edition
SHANGHAI'S industrial activities rebounded last month after six months' of contraction.
The Purchasing Managers' Index in Shanghai, a comprehensive gauge of manufacturing, was 50.4 in February, 2.7 points higher than a month earlier, the Shanghai Statistics Bureau said yesterday.
A reading above 50 means expansion and the opposite points to contraction.
Renewed production after the Spring Festival holiday contributed the most to the growth, the bureau said.
The Purchasing Managers' Index in Shanghai, a comprehensive gauge of manufacturing, was 50.4 in February, 2.7 points higher than a month earlier, the Shanghai Statistics Bureau said yesterday.
A reading above 50 means expansion and the opposite points to contraction.
Renewed production after the Spring Festival holiday contributed the most to the growth, the bureau said.
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