Cyrrus (Cyrrus)
Macroeconomics  |  December 03, 2012 09:40:34

China - the industry under the PMI back in the zone expansion

Important macroeconomic data over the weekend came this morning from China. November's PMI index in industry remained above 50 points indicative of expansion, reaching the level of 50.8 points compared with expectations of 50.6 and 50.2 points the previous value. Also in the service PMI positively surprised when kept substantially in the range of 50 points (55.6 vs. b. Last 55.5 b). The most important indicator was published by PMI in the industry according to HSBC, which is often considered to be more objective than the one issued by the Chinese government. Even this indicator remained above 50 points, and even slightly surpassed estimates. The actual amount was 50.5 b in November compared with expectations 50.4 bThese data confirm only slightly optimistic indicators from China last week and signaled a gradual downward trend in turnover of the local economy.

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