Statistics released by the China Federation of Logistics and Purchasing (CFLP) on Wednesday show that the manufacturing industry’s purchasing managers index (PMI) rose to 55.2 percent in November – an increase of 0.5 percent from a month earlier. This marks the fourth consecutive month of PMI growth in the industry. A PMI rating above 50 indicates economic expansion while a rating below 50 suggests that the economy is contracting.
Warning of the mounting inflationary challenges ahead, China’s input price index rose by 3.6 percentage points – the highest of the indices – to 73.5 percent in November, a far cry from the 50.4 percent it recorded in early July.
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