Arab Today, arab today china\s nonmanufacturing sector growth slows in may
Last Updated : GMT 12:19:12
Arab Today, arab today
Arab Today, arab today

China's non-manufacturing sector growth slows in May

China\'s non-manufacturing sector growth slows in May

Arab Today, arab today

Arab Today, arab today China\'s non-manufacturing sector growth slows in May

A busy Beijing street
Beijing - Agencies

A busy Beijing street China\'s services sector, which includes construction, saw its pace of growth slow in May adding to fears about a slowdown in China\'s economy, the BBC news agency reported. The non-manufacturing purchasing managers index (PMI) dropped to 55.2 in May from 56.1 in April.
The BBC reported that the news comes just days after Beijing reported a sharp drop in activity in its manufacturing sector during the month.
The services sector accounts for almost 43 percent of China\'s overall economy.
Dariusz Kowalczyk of Credit Agricole CIB said: “simultaneous weakening of manufacturing and non-manufacturing sentiment confirms further loss of momentum in the Chinese economy in the second quarter”.
The PMI is key indicator of activity in the sector and a reading above 50 shows expansion.
However, the reading has now fallen for two successive months and the number for May was the weakest for more than a year.
The latest numbers are expected to put further pressure on Beijing to ease its monetary policies in a bid to boost growth, at such a level would seem difficult to comprehend.
The central bank has already made some moves in recent months, including reducing the amount of money that banks need to hold in reserves, in a bid to spur growth in the country.
The hope is that such a move would help boost lending and boost domestic consumption.
However, analysts said given the current economic situation, the bank needed to go further and reduce the cost of borrowing.
Kowalczyk of Credit Agricole CIB said: \"If rates are cut, sentiment could recover on hopes that policy makers are finally coming to support the economy”.
He added that a cut in interest rates may happen as early as this month.

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 china\s nonmanufacturing sector growth slows in may Arab Today, arab today china\s nonmanufacturing sector growth slows in may

 



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 china\s nonmanufacturing sector growth slows in may Arab Today, arab today china\s nonmanufacturing sector growth slows in may

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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