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Andrew Carnegie

Sunday, December 2, 2012

China official manufacturing PMI hits 7-month high in November

Beijing, Dec.2, stock tips .- China official manufacturing PMI hits a 7-month high in November. Headline manufacturing PMI rose to 50.6, a 7-month high, but slightly lower than the consensus estimate of 50.8. New orders rose from 50.4 to 51.2, and finished goods inventory rose from 48.4 to 48.8, thus new orders less inventory measure rose slightly from 2.3 to 2.4. New export orders climbed above 50 to 50.2 for the first time since May.
Meanwhile, employment index fell to 48.7, lowest level since January this year, while input price fell from 54.3 to 50.1.
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