October HSBC PMI initial value and three months high economic stabilised picks up

⊙ reporter LiangMin
49.1
October China manufacturing purchasing managers' index initial value to 49.1, a 9 the end of a month value 47.9 higher than 1.2%, the highest in three months to new highs. Display the policy gradually markedly improved, growth stabilises, four quarter is expected to moderate economy will rebound.
October HSBC China manufacturing purchasing managers' index (PMI) initial continue to back up to three months high, and subentry index new orders index and new export orders index surged to record high for months, display the "steady growth" policy began to gradually powerfully, China's economy is gradually stabilised picks up.
HSBC bank released yesterday, data display, oct. China manufacturing purchasing managers' index initial value to 49.1, a 9 the end of a month value 47.9 higher than 1.2%, the highest in three months to new highs.
Subentry index, October the new orders index from September to October 47.3 49.7, for six months high; New export orders by September 44.9 to 47.3, for five months highs. And through the new order fg inventory reduction measure of growth index is back up to a year high 1.8, before the end of the five consecutive months of negative growth.
"HSBC China PMI has 12 consecutive months in vicissitude divide below, but the new order of the factors such as promoting, this index has two consecutive months picks up, show the policy gradually markedly improved, growth stabilises, four quarter is expected to moderate economy will bounce back. HSBC China chief economist QuHongBin (micro Po) said.
In fact, the national bureau of statistics announced third quarter earlier major economic data, especially in September investment, export and consumption, industrial production growth, etc all appear warmer, these are all signs of economic stabilised.
That QuHongBin analysis, combined with the recently published monthly economic data to see in September, October HSBC manufacturing PMI initial value shows that Chinese manufacturing activity lasted milder situation, new orders picks up, go to stock near the end. Early on the introduction of the including liquidity support, the infrastructure investment accelerated and the fiscal expenditure to expand and a series of policy measures effect gradually revealed, and domestic demand picking up, business confidence back.
The international big line barclays also pointed out, oct. HSBC PMI picks up and September's other economic data indicate that the Chinese economic activity is expected to further warming. The bank also will also in 2012, the Chinese economic growth is expected to adjust to 7.6%, a previous expected increase 0.1%.
In the future the macro economic policy, QuHongBin said and looking forward to see, to keep the economy stabilises picks up the situation can be sustained, steady growth policy need to continue. The fiscal expenditure efforts should continue to increase, monetary policy should strive to maintain current relatively loose liquidity conditions.