Chinese industrial activity stabilized during December
BEIJING, DECEMBER 31, WAM/ Official data showed today, Tuesday, that the industrial sector in China continued its recovery during this December, with the Purchasing Managers’ Index stabilizing at 50.1 percent, recording three consecutive months of expansion.
China Central Channel reported, citing official data issued by the China Federation of Logistics and Purchasing and the National Bureau of Statistics, that the new orders index rose to 51 percent, an increase of 0.2 percentage points from the previous month, while the export orders index improved to 48.3 percent, High for the second month in a row.
The China Logistics Information Center stated that the fourth quarter witnessed an improvement in the balance between supply and demand, which reinforced the positive path of the national economy, with the average purchasing managers’ index for manufacturing at 50.2 percent, exceeding the 49.4 percent recorded in the third quarter.
The Purchasing Managers’ Index for the equipment manufacturing sector reached 50.6 percent this December, while the index for medium-sized companies rose to 50.7 percent, entering the expansion zone for the first time in eight months, supported by a package of stimulative economic policies.
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