China's PMI expanded in January - News - Dukascopy Bank

Thu, 02 Feb 2012 11:28:32 GMT
Source: China.org.cn
 
© Scanpix/AFP
China's manufacturing activity grew last month, with the PMI expanding to 50.5 as compared to 50.3 in the preceding month. The figure was above the expectations of 48, reported the National Bureau of Statistics. The increase signalled more stability in the economic development in the country and may stimulate further policy easing. The major contributors to the expansion in the PMI were increased industry output and growing new orders.

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