Powered By

Breaking News

Chinese manufacturing hits highest since May 2011

Publish Date31/12/2012 02:17:41 AM

Last Update31/12/2012 06:20:43 AM

Chinese manufacturing hits highest since May 2011

HSBC Holdings Plc Manufacturing Purchasing Managers’ Index for December advanced with fastest pace since May 2011, adding to signs that the world’s second largest economy is recovering from recessions and bad atmosphere global atmosphere.

China`s HSBC manufacturing PMI rose to 51.5 in December from 50.5 a month earlier, while analysts’ expectations were 50.9.

The recovery in the manufacturing sector supports expectations for growth  recovery during the present period. Thus, it offers brighter signs that China will increase imports of mineral resources in the period ahead in line with the rise of demand for oil.

Meanwhile, People’s Bank of China and the government’s policies are focused on supporting growth to help buoy domestic spending as well as support exports, especially after tightened monetary policies fulfilled the target and anchored inflation rates.

Chinese outlook keeps giving more and more confidence despite global instability as well as U.S. economy and its fiscal cliff threat and Japan’s negative performance amid the newly-elected government.


Member Account Required
You must be registered as a member of the forums and logged into your account to post messages. If you do not have a member account, please Sign In or Register.
United States
Asia Pacific
Economic Calendar
Holiday Calendar
ECB Calendar
Feds Calendar
BoE Calendar
Boj Calendar
Top News
FX Updates
Market News
Global Highlights
Political News
Around the World
At A Glance & Video Commentaries
Market Pulse
Press Releases
About Us
Contact Us
Privacy Policy
Terms of Services

Risk Disclaimer : All information on this page is subject to change. The use of this website constitutes acceptance of our Privacy Policy and Terms of Service. Please read our Privacy Policy, Risk Disclaimer, Terms of Services and all legal disclaimers. Please note that Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone.

Opinions expressed at ICN.com are those of the individual authors and do not necessarily represent the opinion of ICN.com or its management, shareholders, affiliates and subsidiaries. ICN.com has not verified the accuracy of any claim or statement made by any independent writer and is reserved as their own and ICN.com is not accountable for their input. Any opinions, news, research, analysis, prices or other information contained on this website, by ICN.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. ICN.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market prices, meaning prices are indicative and not appropriate for trading purposes. ICN.com does not bear any responsibility for any trading losses you might incur as a result of using this data.