04 January 2012 07:26 [Source: ICIS news]
SHANGHAI (ICIS)--China’s manufacturing sector showed a stable growth in the year 2011 and the next year prospects appear positive as well, industry sources said on Wednesday.
The purchasing managers’ index (PMI), which is a measurement of the monthly performance of ?xml:namespace>
December PMI increased by 1.3 percentage points from November to 50.3%, according to the data.
Under the December PMI, new orders index climbed by 2.0 percentage points from November to 49.8% while production index was up by 2.5 percentage points from November to 53.4%, the data showed.
Both export and import rebounded in December. Export order index increased by 3.0 percentage points from November to 48.6% while import index was at 49.1%, with a month-on-month increase of 1.8 percentage points.
Going into 2012 an analyst expects the manufacturing growth will remain stable to positive.
"The economic growth will show a stable-to-firmer stance in 2012 based on healthy monetary policies," CFLP analyst Zhang Liqun said.
Economic growth will see a low beginning but will be more stable in the second and third quarter, and "we expect" that it will be on the way to a rebound in the fourth quarter of 2012, the analyst added.
The PMI, which is a measurement of the monthly performance of
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