Arab Today, arab today hsbc china manufacturing improves in march
Last Updated : GMT 13:45:20
Arab Today, arab today
Arab Today, arab today

HSBC: China manufacturing improves in March

Arab Today, arab today

Arab Today, arab today HSBC: China manufacturing improves in March

Beijing - AFP

Manufacturing activity in China improved in March after expanding at its slowest pace in four months in February, HSBC said on Thursday, lifting hopes for a pick-up in the world's number-two economy. The British banking giant's preliminary purchasing managers' index (PMI) came in at 51.7 for the month, from a final 50.4 in February, which was the lowest reading since October, it said in a statement. PMI is a widely watched barometer of the health of China's economy, with a reading above 50 indicating expansion while anything below points to contraction. The uptick in March PMI was bolstered by stronger new orders and production growth, Qu Hongbin, a Hong Kong-based economist with HSBC, said in the statement. "This implies that the Chinese economy is still on track for gradual growth recovery," he said. Both input and output price indexes decreased this month, the survey showed, indicating inflation was not yet an imminent concern. "Inflation remains well behaved, leaving room for Beijing to keep policy relatively accommodative in a bid to sustain growth recovery," he said. China's economy expanded 7.8 percent in 2012, its slowest pace for 13 years, in the face of weakness at home and in key overseas markets. But growth accelerated in the final three months of last year to 7.9 percent, snapping seven straight quarters of weakening expansion. However, the latest indicators from the government point to a slowdown in industrial production growth and retail sales last month, suggesting a budding recovery may be fragile. China's inflation hit a 10-month high of 3.2 percent in February, up from January's 2.0 percent, data also showed, as holiday season spending and rapid credit growth accelerated price rises.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hsbc china manufacturing improves in march Arab Today, arab today hsbc china manufacturing improves in march

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hsbc china manufacturing improves in march Arab Today, arab today hsbc china manufacturing improves in march

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday