Arab Today, arab today china manufacturing index falls to more than 3 year low
Last Updated : GMT 10:48:49
Arab Today, arab today
Arab Today, arab today

China manufacturing index falls to more than 3 year low

Arab Today, arab today

Arab Today, arab today China manufacturing index falls to more than 3 year low

China economy
Beijing - AFP

A key measure of China's manufacturing activity dropped to its weakest level in more than three years in November, data showed Tuesday, underlining weaknesses in the world's second largest economy.

The official Purchasing Managers' Index (PMI), which tracks activity in the crucial factories and workshops sector, fell to 49.6, the government statistics bureau said.

It (Other OTC: ITGL - news) was the fourth consecutive month of decline and the lowest figure since August 2012, and slightly below the expectations of economists surveyed by Bloomberg.

Investors closely watch the index as a barometer of the country's economic health. A reading above 50 signals expanding activity while anything below indicates shrinkage.

The statistics bureau blamed the disappointing figure on weak overseas and domestic demand, falling commodity prices and manufacturers' reluctance to restock.

"Facing downward pressures on the economy, companies' buying activities slowed and their will to restock was insufficient," it said in a separate statement.

China's economy expanded 7.3 percent last year, the slowest pace since 1990, the government says, and at 7.0 percent in each of the first two quarters of this year.

Officials say it decelerated further to 6.9 percent in the July-September period, its slowest rate since the aftermath of the financial crisis.

But those statistics are widely doubted and many analysts belive the real rate of growth could be several percentage points lower.

The government has depended on monetary loosening to stimulate growth. In October it cut interest rates by 0.25 percent -- the sixth reduction in a year -- and abolished the official cap on interest rates for savers.

But state intervention struggled to halt a stock market rout this summer, increasing doubts over policymakers' ability to transition to a more market-based economy.

Analysts said the weak PMI will prompt Beijing to take further loosening measures.

"With (Other OTC: WWTH - news) soft growth momentum and deflation pressures creeping up, we expect the authorities to further ease monetary policy," economists from Australian bank ANZ said in a note.

 

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 manufacturing index falls to more than 3 year low Arab Today, arab today china manufacturing index falls to more than 3 year low

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom, China plunges into snow biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom, China plunges into snow biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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