China official manufacturing index expands in December
Published on Jan 1, 2013 10:21 AM
BEIJING (AFP) - China's manufacturing activity expanded in December at the same pace as November, official data showed on Tuesday, adding to signs the world's number two economy is emerging from a recent slumber.
The official purchasing managers' index (PMI) reached 50.6 in December, unchanged from the previous month, according to the China Federation of Logistics and Purchasing and the National Bureau of Statistics.
The PMI is a widely watched barometer of the health of China's economy, and a reading above 50 indicates expansion while anything below points to contraction.
The result, the highest since April, marked the third straight month the index has shown growth but it fell short of the the median 51.0 forecast of five economists polled by Dow Jones Newswires.
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