The PMI rose by 0.2 percentage points in April compared to March, to 53.3 percent, according to the China Federation of Logistics and Purchasing (CFLP.)
 |
| China's PMI Going Up |
"The continuous rebound of PMI shows that China's economic growth is in a stable and upbeat condition," CFLP vice chairman Cai Jin said.
At the moment the CFLP uses a sample of 820 companies across the country to determine the PMI for the manufacturing sector, but there are plans to expand the sample size to as many as 3,000 firms, according to a statement made by the National Bureau of Statistics and the CFLP. No timetable for the change has been specified.
