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China: PMI Improves on Stabilizing Domestic Demand |
| Source: |
shanghaidaily.com |
| Source Date: |
Friday, March 02, 2012 |
| Focus: |
ICT for MDGs
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| Country: |
China |
| Created: |
Mar 05, 2012 |
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China's manufacturing activities improved further in February thanks to stabilizing domestic demand.
The official Purchasing Managers' Index, a comprehensive gauge of manufacturing activities, edged up 0.5 point from a month earlier to 51 in February, the China Federation of Logistics and Purchasing said today.
A reading above 50 points to expansion, while the opposite indicates contraction.
"Extending its rise for a third month, the new PMI data further strengthens our judgment that China's economy is stabilizing," said Zhang Liqun, an analyst appointed by the federation. "But we should still keep alert as uncertainties in exports and investment may rock the way ahead."
Component indices showed that new orders rose 0.6 point from a month earlier to 51, while production gained 0.2 point to 53.8. Trade recovered somewhat from a strong setback in January, with new export orders rising 4.2 points to 51.1 and imports adding 3.9 points to 50.8.
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