| Home | January 2013News | Sharp improvement for China as 2012 ends |
| |
|
|
 Sharp improvement for China as 2012 ends- Sharp improvement for China as 2012 ends
- January 02, 2013
-
Chinese manufacturers enjoyed a strong end to the year with operating conditions improving at the fastest rate for 19 months, according to HSBC's latest Purchasing Managers' Index™.
The index, which is seen as a key indicator to the health of the industry, reached 51.5 in December, significantly higher than 50.5 in November. The latest reading is also higher than the Flash PMI™ reading of 50.9 released in mid-December.
November and December's readings are in contrast to the rest of the year when the index remained below the 50 mark, which illustrates the difference between an industry shrinking or growing.
Over the past 12 months, the average PMI reading has been just 4...
- View more at: http://www.1888pressrelease.com/sharp-improvement-for-china-as-2012-ends-pr-446988.html
|
Previous