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China's non-manufacturing PMI rebounds to 56 in Dec

Jan. 4, 2012 (China Knowledge) - China's non-manufacturing purchasing managers' index (PMI), a major indicator of the strength of the non-manufacturing sector, rose to 56.0 in December 2011, up 6.3 points from November, according to figures released by the China Federation of Logistics and Purchasing on Tuesday.

A reading above 50 indicates expansion, while one below 50 indicates contraction.

Cai Jin, Vice President of the CFLP, said that rebound in the non-manufacturing PMI was due mainly to the contribution from the retail sector.
The new order index increased 3.3 points from the previous month to 50.5 in December. The new order index in the producer service sector was 51.9, followed by 50.8 in the consumer service sector and 46.6 in the construction sector respectively.
The new export order index went up 0.8 points from November to 46.4 in December. The new export order index in the construction sector was 47.9 last month, followed by 46.2 in the consumer service sector and also 46.2 in the producer service sector.
The prices charged index grew 0.8 points from the previous month to 49.3 in December.

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