China Manufacturing PMI’s Rose In November
(For November 2010)
Official China PMI rose from 54.7 to 55.3; The HSBC/Markit PMI rose from 54.8 to 55.3. Reading above 50 means expansion.
Large gap between PMI’s and industrial production growth.
Chart 1. China Federation of Logistics & Purchasing and National Bureau of Statistics PMI / HSBC Markit China Manufacturing PMI