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Longwei Petroleum Investment Holding Limited Message Board

  • valuationstation valuationstation Nov 3, 2012 4:31 PM Flag

    China economic rebound indicators flashing

    China's economic rebound indicators flashing:

    bloombergdotcom/news/2012-11-03/china-s-non-manufacturing-industries-expand-at-a-faster-pacedothtml

    "The purchasing managers’ index rose to 55.5 in October from 53.7 the previous month, the National Bureau of Statistics and China Federation of Logistics and Purchasing said in Beijing yesterday."

    "The federation’s survey of manufacturing purchasing managers released Nov. 1 showed an index of input prices jumped to 54.3 in October from 51 the previous month, the highest reading since April and the second straight acceleration."

    "A gauge of construction services rose at a faster pace and a real-estate services index returned to expansion after contracting the previous month, according to yesterday’s statement."

    "Economic Momentum"

    "The federation’s manufacturing PMI expanded for the first time in three months in October and a separate private survey released by HSBC Holdings Plc and Markit Economics was at an eight-month high, adding to evidence economic momentum in China is picking up."

    "Industrial-production growth accelerated for the first time in four months in September, retail sales expanded at the fastest pace since April and fixed-asset investment growth quickened."

    Sentiment: Strong Buy

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0.02+0.01(+100.00%)Feb 12 1:31 PMEST