Monday, 2 November 2009

Some good news from China

The Australian stock market might be having one of those down days but there was some good news this morning for the Australian economy. A monthly survey by the Beijing-based National Bureau of Statistics and the Chinese Federation of Logistics and Purchasing shows the nation’s economic recovery is strengthening, The Purchasing Managers’ Index rose to a seasonally adjusted 55.2, the highest level in 18 months. Figures above 50 on the index indicate a growing demand for manufactured goods.

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