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Growing New Orders Boost China's PMI

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Growing New Orders Boost China's PMI

by CFO Innovation Asia Staff, 02 November 2010
topics:
Finance and Banking Metrics
tags:
manufacturing PMI
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China's manufacturing output in October expanded at the fastest rate in 6 months, alleviating concerns of an economic slowdown, reports the South China Morning Post.

 

The purchasing managers' index (PMI), released by the China Federation of Logistics and the National Bureau of Statistics, jumped from 53.8 in September to 54.7 in October. A second PMI, from HSBC Holdings and Markit Economics, rose from 52.9 to 54.8.

 

A rising PMI, however, add to inflation fears and concerns of more interest rate rises in the future, says the Post.

 

 

MORE ARTICLES ON PMI, MANUFACTURING

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Mainland PMI grows at fastest rate in 6 months
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CFO Innovation Asia Staff
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