The pace of activity in China's vast manufacturing sector quickened for the first time in 13 months in November, a survey of
private factory managers found, adding to evidence that the economy is reviving after seven quarters of slowing growth. The
final reading for the HSBC Purchasing Managers' Survey (PMI) rose to 50.5 in November from 49.5 in October, in line with a
preliminary survey published late last month. It was the first time since October 2011 that the survey crossed above 50
points, the line that demarcates accelerating from slowing growth.The final HSBC reading follows a similar survey by the
National Bureau of Statistics (NBS) which showed the pace of growth in the manufacturing sector quickening.
No comments:
Post a Comment