China PMIs Send Mixed Signal On Growth; Inflation Concerns Persist |
| Wall Street Journal - Jan 31, 2011 |
China's two competing purchasing managers indexes painted a mixed picture of economic activity in January, with one survey suggesting manufacturing slowed while the other indicated manufacturing activity accelerated slightly.
Despite the mixed readings, economists said the bottom line is Chinese policy makers are likely to continue focusing on inflation pressures.
China's official PMI, published by the National Bureau of Statistics and the China Federation of Logistics and Purchasing, fell to 52.9 in January from 53.9 in December. A competing PMI put out by HSBC Holdings PLC rose slightly to 54.5 from 54.4 in December.
A PMI reading above 50 indicates an expansion in manufacturing activity, while a reading below 50 indicates contraction.
The CFLP PMI's input price subindex, a leading indicator of inflation pressures, rose to 69.3 from 66.7 in December. HSBC doesn't give a breakdown of its subindex readings, but said in a statement "the rate of input cost inflation eased to the slowest in four months, but remained considerable in the context of historical data."
Read Full Article from Wall Street Journal
- Posted: 2011-01-31 21:48:35
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