Index: China's production plants rises to highest level in nearly six years
Date: 03/01/2017 10:35
Information / Baghdad ..
It showed a special survey of the activities, Tuesday, that the activity of Chinese factories grew more than expected in December, with the acceleration of demand for production up to its highest level in almost six years, including gave a strong boost to the manufacturing sector at the beginning of 2017.
It rose Kaychen / Market purchasing managers in the manufacturing sector index to 51.9 points on an adjusted basis in the light of the monsoon from 50.9 in November, surpassing analysts' expectations, factors which revolved around 50.7 points.
The index has achieved momentum little by little thanks to the recovery in lending and construction sectors to remain for the sixth month in a row above the 50 point level that separates growth from contraction.
Production grew at the fastest pace since January 2011, when the recorded reading of 53.7, while new orders also posted a significant increase despite the fact that companies continued to reduce employment slightly faster than the November pace.
Orders received in support of the growth of domestic demand growth at a time when the new export orders remained stagnant. Finished / 25