Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  November 22, 2012 10:09:31

China - the manufacturing sector grew in November. Return to the expansion after 13 months


Activity of the Chinese manufacturing sector in November, according to PMI index compiled by HSBC / Markit Economics rose for the first time after 13 months, the manufacturing sector recorded the first expansion. PMI grew to 50.4 points compared to 49.5 points in October.

Restoring the expansion of the manufacturing sector could indicate economic recovery in the country and stop the decline that lasted seven quarters in a row. Growth is also suggested other indicators led to the growth of exports. Data on industrial production and retail sales exceeded market expectations.

It is estimated that this year China's GDP will grow by only 7.7%, which was the worst result since 1999. Next year, GDP should pick up to 8.1%.

Stock market reaction is negative, paradoxically, because "spontaneous" growth is not from the perspective of investors as interesting as any other stimulation, which is on a larger scale far.

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