China Purchasing Managers’ Index steady in November

Posted by Aliuser on Dec 2, 2009 in China Import and Export

China purchasing managers’ index in November fell slightly short of market expectation of 55.7 but still stood at 55.2, unchanged from October’s which was the highest in 18 months. China PMI in September shows sign of economic rebound.

The official purchasing managers’ index is a reading over 50 reflects growing industrial activity, indicating that Chinaeconomy is stabilizing in the last couple of months.

“While public investment may moderate, private real estate investment, consumer spending and export demand should drive growth in the coming months,” said Jing Ulrich, chairwoman of China equities and commodities at JPMorgan.