Although many of China’s factories were operating a bit slowly this winter, the country is still progressing through its fifth consecutive month of expansion. For China, the monthly purchasing index, per the Chinese Federation of Logistics and Purchasing, climbed up from 49.7 to 51.4 this December.
The monthly purchasing index is based on a 100-point scale which makes fifty points the dividing mark between expansion and contraction in business. This makes it the second highest level in the year 2016. This wasn’t the highest, however. It reached 51.7 in November for the first time since summer of 2014.
Since Beijing has shied away from its excess use of exported manufacturing materials, China’s economy has been at a steady pace. The country has also been trying to focus more of its investments on its consumers’ spending habits. China’s manufacturing, however, has escalated after getting off to a rocky start which stands to be a nice sign for the Chinese economy.