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China's PMI rises to 50.6 in Nov

Dec. 3, 2012 (China Knowledge) - China's official purchasing managers' index, a major indicator of the strength of the manufacturing sector, has increased to 50.6 in November, an increase of 0.4 point from 50.2 in October, according to figures jointly released by the China Federation of Logistics and Purchasing and the National Bureau of Statistics.

This is the second consecutive months China saw its PMI rebound to over 50.

The production index increased 0.4 point from the previous month to 52.5 in November. The new export order stood at 51.2, 0.8 point higher than in October 2012.

The raw material inventory index rose 0.6 points to 47.9 in November.

The raw material purchasing price index decreased 4.2 point from the previous month to 50.1.

The PMI consists of five sub indices that measure economic performance: production index, new order index, raw material inventory index, employment index and supplier delivery index, a reading of above 50 suggests expansion, while one below 50 indicates contraction.

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