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MNI DATA IMPACT: China PMI Expands First Time in Six Months

MNI (London)
     BEIJING (MNI) - China's Purchasing Manager Index (PMI) unexpectedly rose to
50.2 in November, rising from October's 49.3, higher than 49.5 expected by
economists, indicating that for the first time in six months manufacturing
returned to growth, data released Sunday showed. 
     MNI highlights the following key points in the statement of the official
statistics bureau:
     --The Production sub-index rose to 52.6 from previous 50.8, reflecting
accelerated expansion.
     --New orders rose by 1.7 percentage points to 51.3 from last month's 49.6,
underlying an increased manufacturing demand. 
     --Exports orders also strengthened to 48.8 from 47.0 in October, helped by
increased Christmas orders overseas.
     --Non-manufacturing PMI rose to 54.4 from 52.8 in October, a seven-month
high, suggesting quickened growth in the service sector.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MAQDS$,MAUDR$,MAUDS$,M$A$$$,M$Q$$$,M$U$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
USData StoriesImpactDataPolicy NewsAPACChinaJapanAustraliaNew ZealandChina Market NewsRegionNorth America
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
USData StoriesImpactDataPolicy NewsAPACChinaJapanAustraliaNew ZealandChina Market NewsRegionNorth America
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