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China's PMI of manufacturing sector rises for 5th straight month |
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11:25, May 01, 2009 |
The Purchasing Managers' Index (PMI) of China's manufacturing sector rose for the fifth straight month in April to 53.5 percent, up 1.1 percentage points from a month earlier, the China Federation of Logistics and Purchasing (CFLP) said Friday.
It was the second consecutive month the PMI rebounded above 50 percent since July 2008, when the index fell to 48.4 percent.
A reading of above 50 suggests expansion, while one below 50 indicates contraction.
Source: Xinhua
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