Subscribe free to our newsletters via your
. Space Industry and Business News .




POLITICAL ECONOMY
China official manufacturing index expands in December
by Staff Writers
Beijing (AFP) Jan 1, 2013


China's manufacturing activity expanded in December at the same pace as November, official data showed Tuesday, adding to signs the world's number two economy is emerging from a recent slumber.

The official purchasing managers' index (PMI) reached 50.6 in December, unchanged from the previous month, according to the China Federation of Logistics and Purchasing and the National Bureau of Statistics.

The PMI is a widely watched barometer of the health of China's economy, and a reading above 50 indicates expansion while anything below points to contraction.

The result, the highest since April, marked the third straight month the index has shown growth but it fell short of the the median 51.0 forecast of five economists polled by Dow Jones Newswires.

The data came a day after a survey by banking giant HSBC showed manufacturing activity surged to a 19-month high of 51.5 from 50.5 in November.

A steady strengthening in China's manufacturing sector, and improvements in areas including broader industrial production and retail sales, have spurred optimism that the country's economic slowdown has bottomed out.

Growth hit a more than three-year low of 7.4 percent in the third quarter to September, though data for the October-December fourth quarter has led to expectations of a pick-up.

Beijing is expected to release gross domestic product data for the past three months later in January.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
China manufacturing activity hits 19-month high
Beijing (AFP) Dec 31, 2012
China's manufacturing activity surged to a 19-month high in December, British bank HSBC said Monday, adding to signs of recovery in the world's second-largest economy. The year's final purchasing managers' index (PMI) from the lender hit 51.5, up from 50.5 in November when the figure returned to growth after 12 consecutive months of contraction. A reading above 50 indicates expansion in ... read more


POLITICAL ECONOMY
Thai 'scavengers club' turns trash to treasure

Malaysia convoy in Australia rare earth plant protest

All Systems Go for Highest Altitude Supercomputer

Foam's Future Seen in Space and Industry

POLITICAL ECONOMY
China opens its version of GPS to public

Raytheon's US Navy satellite terminals reach Full Rate Production milestone

General Dynamics' 30,000th Combat Search and Rescue Radio Goes to Work for USAF

Europe launches major British military satellite

POLITICAL ECONOMY
Russian rocket launch rescheduled

Investigation into Proton Launch Anomaly Continues as Root Cause is being Evaluated

NASA's Space Launch System Core Stage Passes Major Milestone, Ready to Start Construction

Investigation into Proton Launch Anomaly Continues as Root Cause is being Evaluated

POLITICAL ECONOMY
Beidou's unique services attractive to Chinese companies

China eyes greater market share for its GPS rival

Researchers told to ward off navigation system interference

Beidou helps put region on the map

POLITICAL ECONOMY
NASA Is With You When You Fly

Taiwan upgrades dozens of fighter jets

Boeing to Provide 2 More C-40A Transport Aircraft to US Navy

Taiwan's China Airlines to buy six Boeing planes

POLITICAL ECONOMY
Marvell hit with billion-dollar verdict in patent case

Physicists take photonic topological insulators to the next level

China shows electronic circuit advance

Taiwan's UMC to buy majority stake in Chinese firm

POLITICAL ECONOMY
Satellites eye Great Lakes invasive plant

Turkey Steps up Collaboration with Astrium Services For SPOT 6 And SPOT 7 Data

Eighth Landsat Satellite Arrives At Launch Site

Eighth Landsat Satellite Arrives at Launch Site

POLITICAL ECONOMY
Groundbreaking air-cleaner saves polluting industrials

Wood-burning sets off pollution alarm bells in Athens

Russia identifies main environmental risks

Small, Portable Sensors Allow Users to Monitor Exposure to Pollution on Their Smart Phones




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement