China Manufacturing Growth Accelerates, Surveys Show

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ASusilovic

Dec. 1 (Bloomberg) -- China’s manufacturing grew at a faster pace for a fourth straight month in November, indicating the economy can withstand higher interest rates as price pressures escalate.

The Purchasing Managers’ Index rose to 55.2 from 54.7 in October, China’s logistics federation said on its website today. That was more than the 54.8 median estimate of 14 economists surveyed by Bloomberg News. A PMI released by HSBC Holdings Plc also jumped.

http://noir.bloomberg.com/apps/news?pid=20601087&sid=a7nP8vzg1rQ8&pos=5
 
Quote from ASusilovic:
----The Purchasing Managers’ Index rose to 55.2 from 54.7 in October....
----That was more than the 54.8 median estimate of 14 economists surveyed by Bloomberg....
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Next month's estimate will be 55.3? :confused:
 
China is going to put the brakes on sooner than later, with QE2 here and bailouts going on worldwide this is just creating more inflationary pressures, China will be raising rates really soon.
 
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