China’s business sentiment rose for the sixth consecutive month in February at the fastest pace since 2011, while its future expectations improved four months in a row, a private report showed today.
The MNI China Business Index, a gauge of China’s business conditions, rose to 60.98 in February, up from 55.16 in January and 52.22 in December, said the Market News International, a unit of Deutsche Boerse Group, in a report today.
A reading above 50 means business is expanding.
“The current level suggests the effects of the European debt crisis are wearing off with results recovering from the low levels of the global financial crisis. Despite the improvement, overall conditions still appear vulnerable to any external or domestic setbacks,” the report said.
The survey was conducted between February 1-25 with 173 firms taking part.
~ Shanghai Dail, February 28, 2013 ~