The purchasing managers’ index rose to its highest level in half a year.
(Photo: dpa)
Beijing According to an important economic indicator, the mood in Chinese industry developed positively towards the end of the year. The Purchasing Managers’ Index (PMI) published on Tuesday by the Chinese business magazine “Caixin” rose in December from 49.9 to 50.9 points compared to the previous month – the highest value in six months. A value above the 50 point mark means an expansion of industrial activity, a value below that means a decrease.
The Beijing statistical office had already published its official purchasing managers’ index on Friday, which had also developed positively. Due to strict epidemiological measures, China has come through the corona pandemic comparatively well so far. However, the country’s economic recovery had lost momentum since early summer.
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