Beijing (dpa) - China's official purchasing managers' index for
the manufacturing sector rose to for the third straight month in
November, officials said Saturday.
China Federation of Logistics and Purchasing data showed the index began to rebound in September after four months of decline.
"Increases of new orders and improvements in some PMI sub-indices means companies have finished destocking, which points to further expansion in coming months," Zhang Liqun, an analyst with the Development Research Centre of the State Council, told the Xinhua news agency.
Most Popular Stories
- NSA Defends Global Cellphone Tracking Legality
- Top Websites for U.S. Hispanics
- Networks Vie for U.S. Hispanic TV Viewers
- Ad Counts Rise in 2013 for Hispanic Magazines
- Apple Wants Samsung to Pay $22M for Patent Dispute Legal Bills
- Starbucks Gets Grinchy; No Gingerbread Lattes for Tampa Customers
- Apple Paid Its Lawyers More Than $60MM to Defeat Samsung in Court
- Jobs Report Brings Cheer As Unemployment Drops to Five-year Low
- Economic Bright Spots Not a Sure Boost for President Obama
- US Consumer Borrowing Rose $18.2B in Oct.