Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

China's exports surge

China's exports surge

Shanghai: China's official purchasing managers' index (PMI) rose to 55.1 in March from 52.0 in February, beating expectations and pointing to brisk first-quarter GDP growth. Sub-indexes for output, new orders, new export orders, imports and job creation all rose strongly.
The headline PMI from a parallel HSBC/Markit survey rose to 57.0, the third-highest level in the six-year history of the survey, from 55.8 in February. A reading above 50 means activity is expanding.
"Another substantially high headline manufacturing PMI reading, combined with strong growth of exports, points to an acceleration in industrial production and likely over 11 percent GDP growth in the first quarter," Qu Hongbin, chief economist for China at HSBC, said in a statement on Thursday. [02/04/10]

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish