China’s PMI stays above 50 percent for ninth straight month in November

Thursday, 03 December 2009 09:46:25 (GMT+3)   |  
       

According to the China Federation of Logistics and Purchasing (CFLP), the Purchasing Managers Index (PMI) of China's manufacturing sector stood at 55.2 percent in November, unchanged from the previous month. November was the ninth month in a row in which the PMI reading stayed above 50 percent.

Meanwhile, China's purchase price index for major raw materials was up 6.5 percentage points month on month to 63.4 percent, hitting the highest level since August 2008 and indicating a continuous rising trend in the purchase price index for the main raw materials. Moreover, following the increases in prices of oil, coal and other raw materials in the international market, the purchasing costs are expected to continue to go up.


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