Home / Knowledge / News / Barometer of economic growth indicates economy is stabilizing
Barometer of economic growth indicates economy is stabilizing
Apr '09
Director General Ma Jian Tang of National Bureau of Statistics said recently that Chinese manufacturing PMI index has been inching upwards since the past four months and surpassed 50 points, which marks the dividing line of expansion and contraction of economy.

According to figures released by the department, March PMI index crossed the psychological barrier of 50 and is now 52.4. PMI index was 38.8 in November last year, 41.2 in December, 45.3 in January 49.0 in February, which indicates that the economy is stabilizing slowly, but surely.

Ma Jian Tang said that the consecutive increase of PMI index reflects the stimulus package of policies released by the government for expanding domestic demand, promoting growth, adjusting structure, deepening reform and improving people's livelihood has had its desired effects.

PMI index is one of the leading indexes reflecting the economic growth in China. Chinese National Bureau of Statistics and the United Federation of Logistics and Purchasing conduct a survey of about 730 samples companies covering 30 manufacturing industries in 31 provinces with 100 percent feedback rate.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Rahul Bhadani

Navigating through catalogues is a bit hasslesome

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search