China's manufacturing expands for fifth straight month in April
Quotes

China's manufacturing expands for fifth straight month in April

Last Updated: Tuesday, May 01, 2012, 14:01
 
 Comment 0
 
China's manufacturing expands for fifth straight month in April
Beijing: China's Purchasing Managers Index (PMI), a preliminary readout of manufacturing activities, rose in April for five consecutive months, indicating the economy is on path of steady growth.

The PMI climbed to 53.3 percent in April 2012, 0.2 percentage point higher compared to that in March, the China Federation of Logistics and Purchasing said Tuesday.

The federation said the April PMI is higher compared to the same period last year, which stood at 52.9, reported Xinhua.

A PMI reading of 50 percent demarcates expansion from contraction.

IANS



First Published: Tuesday, May 01, 2012, 14:01


Comments


comments powered by Disqus
BRICS Annual Summit 2014
BRICS Annual Summit 2014
Tata Zest Standout Features: In Pics
Tata Zest Standout Features: In Pics
New car launches in July
New car launches in July
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics
Google I/O 2014
Google I/O 2014

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved