none

China manufacturing on a high

31-08-2010
by 
in 
China manufacturing on a high

 

Manufacturing activity in China expanded at its fastest pace in almost a year last month, according to latest industry data.

The official purchasing managers' index (PMI) hit 50.9 in March, the highest since April 2012 when the figure stood at 53.3, according to the National Bureau of Statistics and the China Federation of Logistics and Purchasing (CFLP).

A reading above 50 indicates expansion.

The latest figures indicate the Chinese economy – the second largest in the world – is continuing to improve.

PMI is a widely watched barometer of the health of China's economy, with The March reading improved from 50.1 in February and signalled the sixth consecutive month of expanding manufacturing activity in the country.

According to a CFLP statement, the rebound in PMI last month was led by increasing new orders as demand improved, driven by exports and investment.

China's economy expanded 7.8 per cent in 2012, its slowest pace for 13 years.

But growth accelerated in the final three months of last year to 7.9 per cent, breaking seven straight quarters of weakening expansion.

Related news & editorials

  1. 25.09.2018
    25.09.2018
    by      In
    Energy Efficiency Expo is a new annual trade exhibition and conference dedicated to energy productivity and affordability. Organised by Reed Exhibitions Australia in partnership with the Energy Efficiency Council, the new event will be held for the first time in October 2019 at the Melbourne... Read More
  2. 25.09.2018
    25.09.2018
    by      In
    This week has seen the opening of a unique facility at Deakin University dedicated to advanced metal development and 3D roll forming. The $1.5 million IFM Flexible Forming Facility has been set up as part of Deakin’s Institute for Frontier Materials (IFM), supported a $280,000 grant from the... Read More
  3. 24.09.2018
    24.09.2018
    by      In
    CSIRO is shooting for the Moon this week at the 18th Australian Space Research Conference on the Gold Coast with the launch of an industry roadmap designed to encourage the development of the technological expertise to help to establish a human base on the Moon.
    The report, “Space: A roadmap for... Read More
  4. 20.09.2018
    20.09.2018
    by      In
    Control Logic has set its sights on expansion, with a new leadership team incorporating key roles in products and marketing, sales and development, and operations and services. The move aims to increase the company’s skill set and focus to drive innovation and expand the company’s expertise and... Read More