The China Federation of Logistics and Purchasing (CFLP) together with the National Bureau of Statistics' Service Survey Centre announced on Tuesday this week that China's manufacturing sector continued to grow in December.
Publish dateWednesday 1 January 2025 - 00:31
According to Amac News: China Central Television (CCTV) quoted these two government institutions and reported that the Purchasing Managers' Index (PMI) remained stable at 50.1% in December, indicating three consecutive months of expansion in the region.
The implementation of existing policies, along with a new set of stimulus measures, is said to have helped accelerate the recovery in market demand.
The index of new orders reached 51%, which has increased by 0.2% compared to last month, and this increase shows the fourth consecutive month of growth.
Export also showed steady improvement, so that the index of new export orders reached 48.3%, which increased by 0.2% compared to last month and has grown for the second month in a row.
In addition, the equipment manufacturing PMI reached 50.6% in December, indicating the expansion and maintenance of five consecutive months of strong expansion.
The PMI for medium-sized firms rose to 50.7 percent, entering expansion territory for the first time in eight months, while large and medium-sized firms remained positive, according to the firm's survey.
On a seasonal basis, the average manufacturing PMI for the fourth quarter reached 50.2 percent, which is significantly higher than the 49.4 percent recorded in the third quarter.
The implementation of existing policies, along with a new set of stimulus measures, is said to have helped accelerate the recovery in market demand.
The index of new orders reached 51%, which has increased by 0.2% compared to last month, and this increase shows the fourth consecutive month of growth.
Export also showed steady improvement, so that the index of new export orders reached 48.3%, which increased by 0.2% compared to last month and has grown for the second month in a row.
In addition, the equipment manufacturing PMI reached 50.6% in December, indicating the expansion and maintenance of five consecutive months of strong expansion.
The PMI for medium-sized firms rose to 50.7 percent, entering expansion territory for the first time in eight months, while large and medium-sized firms remained positive, according to the firm's survey.
On a seasonal basis, the average manufacturing PMI for the fourth quarter reached 50.2 percent, which is significantly higher than the 49.4 percent recorded in the third quarter.
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Source : news agency wam
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