PMI increased to 50.3 in December.

By bne IntelliNews January 3, 2012
Chinas Purchasing Managers Index (PMI) increased to 50.3 in December last year, as compared to 49 posted in November. As reported by Dow Jones Business News, the boost in the PMI has been attributed to activity ahead of the New Year holidays in the nation. The level posted during the period is reflective of the nations return to expansionary zone for the index, which decreased below 50 in November for the first time since February 2009.

PMI increased to 50.3 in December.

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