China’s P.M.I. Unchanged, Growth Seen as Sustainable

Reuters reports on the PMI and other recent economic figures released in China:

China’s manufacturing sector expanded for the ninth consecutive month in November but ran into headwinds from weaker trade and employment, a survey showed on Tuesday.

The official purchasing managers’ index (PMI) was unchanged from October’s 18-month high of 55.2, the China Federation of Logistics and Purchasing (CFLP) said.

“That indicates the economic outlook has started to stabilise after reaching a high level and the recovery will become more steady,” said Zhang Liqun, a researcher at the State Council’s Development Research Center who comments on the PMI for the federation.

The sub-indexes for new export orders, imports, employment and quantities of purchases fell in November from October; the input prices sub-index jumped to 63.4 from 56.9.

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