PMI Report on China Manufacturing

Summary:

According to a recent report published by Li & Fung Research Centre on China Manufacturing, the December PMI (Purchasing Managers' Index) improved to 56.6%, up from 55.2% in the previous month. The index has stayed in the expansionary zone of higher than 50% for ten consecutive months, indicating that the manufacturing sector in China has maintained strong momentum. 9 out of 11 sub-indices were higher than their respective levels in the previous month. The rise in the PMI was mainly driven by the expansion of output and new orders.Output index and new orders index picked up to 61.4% and 61.0 respectively in December.

About the CFLP China Manufacturing PMI:

The CFLP China Manufacturing Purchasing Managers’ Index (PMI) provides an early indication each month of economic activities in the Chinese manufacturing sector. It is compiled by China Federation of Logistics & Purchasing (CFLP) and
China Logistics Information Centre (CLIC), based on data collected by the National Bureau of Statistics (NBS). Li & Fung Research Centre is responsible for drafting and disseminating the English PMI report.

More information about LI & Fung Research Centre, Please visit www.lifunggroup.com.