Center

PMI rises to 11-month high

(Reuters)
Updated: 2006-04-02 09:16
Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail
Large Medium Small
China's official purchasing managers' index rose to an 11-month high in March, boosted by a surge in orders from home and abroad, the China Logistics and Purchasing Association said on Saturday.

The PMI, which was launched in January last year, rose to 55.3 from 52.1 in February.

A reading over 50 indicates an expansion of activity while one below 50 suggests contraction.

"The PMI has been higher than 50 for 15 consecutive months since January 2005, indicating that China's manufacturing economy is in the middle of a rising cycle," the association, which compiles the index on behalf of the National Bureau of Statistics, said.

The PMI sub-index for new orders was 60.7 in March, up 5.0 points from February and the highest level in 11 months; the sub-index for export orders rose 4.8 points to 58.7 in March, showing export demand was rising, the group said in a statement.

It quoted a government economist, Zhang Liqun, as saying the March report showed that China's economy had begun trending up and that vigilance was needed to prevent overheating.

Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail