Stable PMI indicates improved Chinese economy

By Emma Hughes
Published: Monday, 02 December 2013

Staffing levels cut; raw material costs rise; new orders increase

Manufacturing data from China indicated growth stabilisation in November as business conditions in the world’s second largest economy improved for the fourth consecutive month.

After adjusting for seasonal factors, the HSBC Purchasing Managers’ Index (PMI) – a composite indicator of operating conditions in the manufacturing economy – posted...

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