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People's Daily Online>>China Business

China's PMI drops slightly in November

By Zhang Qian (People's Daily Online)

08:42, December 01, 2011

Beijing Dec. 1 (People’s Daily Online) -- China's Purchasing Managers' Index (PMI) dropped to 49.0 percent in November, down 1.4 percentage points from October, the China Federation of Logistics and Purchasing (CFLP) said Thursday.

PMI is a gauge of manufacturing expansion. A reading below 50 indicates contraction from the previous month, while a reading above 50 indicates expansion. China's PMI declined to 50.4 percent in October.

The manufacturing index from the logistics federation is based on a survey of purchasing managers in more than 820 companies in 20 industries.


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PD User at 2011-12-0176.124.224.*
ADDING MORE INJURIES TO THE ALREADY INJURED ECONOMY is the continues revaluation of Yuan. WHICH MAKE CHINESE EXPORTS EXPENSIVE ABROAD CONSIDERING THE RISE IN LABOR COST ALREADY HERE IN CHINA.Beijing cowardly revalue the YUAN to appease that evil empire U.S.I hate that when Asian leaders become submissive and slave to U.S government.

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