Monday, 3 December 2012

China purchasing mangers surveys turn positive

China's economy appears to be regaining momentum, according to the latest purchasing managers' surveys.

A report today from HSBC showed that its manufacturing PMI rose to 50.5 in November from 49.5 in October, the first time since October 2011 that the reading has been above 50.

A report over the weekend by the National Bureau of Statistics had shown that the official manufacturing PMI rose to a seven-month high of 50.6 in November from 50.2 in October.

Another report today from the NBS showed that the official PMI for China's non-manufacturing sectors rose to 55.6 in November from 55.5 in October.

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