Arab Today, arab today china manufacturing rebounds
Last Updated : GMT 00:04:35
Arab Today, arab today
Arab Today, arab today

China manufacturing rebounds

Arab Today, arab today

Arab Today, arab today China manufacturing rebounds

Beijing - AFP

A closely watched indicator of Chinese manufacturing turned positive for the first time in four months in August, HSBC said Thursday, in a sign of renewed strength in the world\'s second-largest economy. The banking group said the preliminary reading of its purchasing managers\' index (PMI) came in at 50.1 for the month, up from July\'s final result of 47.7, which was an 11-month low. The PMI tracks activity at China\'s factories and workshops and is a closely watched gauge of the health of the economy. A reading below 50 indicates contraction, while anything above signals expansion. The result was the highest in four months and suggested China\'s economy was stabilising, HSBC said. It brought the index back into expansion mode by the smallest of margins, and near the level of the most recent Chinese official assessment of manufacturing. Results announced earlier this month by the National Bureau of Statistics showed that official PMI rose to 50.3 in July from 50.1 in June. China is expected to announce the official August PMI on September 1. \"China\'s manufacturing growth has started to stabilise on the back of modest improvements of new business and output,\" Qu Hongbin, HSBC\'s chief economist for China based in Hong Kong, said in the bank\'s statement announcing the figure. He attributed the improvement to \"initial filtering-through\" effects of recent policy measures to boost the economy as well as restocking of inventories. \"We expect further filtering-through, which is likely to deliver some upside surprises to China\'s growth in the coming months,\" he added. Fears over China\'s economic outlook were rampant during the first six months of the year as growth slowed. Positive data for July, including an acceleration in industrial production to a five-month high, have helped improve sentiment that China\'s downtrend may have hit a bottom for the time being. Zhang Zhiwei, economist at Nomura International in Hong Kong, said the HSBC PMI result was \"driven by domestic demand\" and reflected recent strength in other indicators. \"It confirms that the economy has stabilised in the short term and downside risks\" for the year\'s second half have \"declined\", he said in a report. HSBC said it would announce final PMI results on September 2.

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 manufacturing rebounds Arab Today, arab today china manufacturing rebounds

 



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 rebounds Arab Today, arab today china manufacturing rebounds

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
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 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
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 Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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