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http://www.businessweek.com/news/2012-11-21/china-manufacturing-may-expand-for-first-time-in-thirteen-months

Bloomberg News

China Manufacturing May Expand for First Time in Thirteen Months

November 21, 2012

China Manufacturing May Expand for First Time in Thirteen Months

A worker sews shirts at a factory in Shenzhen, Guangdong province, China. Photographer: Forbes Conrad/Bloomberg

China’s manufacturing may expand in November for the first time in 13 months, adding to signs that economic growth is rebounding after a seven-quarter slowdown.

The preliminary reading was 50.4 for a purchasing managers’ index released today by HSBC Holdings Plc (HSBA) and Markit Economics. It compares with a final level of 49.5 for October. A reading above 50 indicates expansion.

A recovery in manufacturing would bolster prospects for a sustained pickup in economic growth that slowed last quarter to the weakest pace in more than three years. It would also reduce the likelihood that the ruling Communist Party’s new leadership including Li Keqiang, set to become premier in March, steps up monetary and fiscal efforts to boost expansion.

A separate, government-backed index of purchasing managers’ views at manufacturers, which showed an expansion in October for the first time in three months, is due to be released Dec. 1.

To contact Bloomberg News staff for this story: Xin Zhou in Beijing at xzhou68@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net


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