Arab Today, arab today china\s may manufacturing pmi rises to 508
Last Updated : GMT 09:25:41
Arab Today, arab today
Arab Today, arab today

China\'s May manufacturing PMI rises to 50.8

Arab Today, arab today

Arab Today, arab today China\'s May manufacturing PMI rises to 50.8

Beijing - XINHUA

China\'s Purchasing Managers\' Index (PMI) for the manufacturing sector rose to 50.8 percent in May from 50.6 percent in April, data from the China Federation of Logistics and Purchasing (CFLP) showed Saturday. May marked the eighth consecutive month that the PMI figure stayed above 50 percent, the line demarcating expansion from contraction, according to a statement from the CFLP. A modest rise in the May PMI and steady sub-indices suggest that the recovery trend in China\'s economy has become more obvious, said Zhang Liqun, an analyst from the Development Research Center of the State Council. According to the CFLP, the sub-index for production moved up from 52.6 percent in April to 53.3 percent in May. The sub-index was a major driver of the May PMI and represents expanding output. Orders received by manufacturers picked up in May, as the sub-index for new orders edged up 0.1 percentage point from the previous month to 51.8 percent. After tumbling 10.5 percentage points to drop below the 50-percent line in April, the sub-index for the purchasing prices of raw materials rebounded 5 percentage points to 45.1 percent in May, indicating improved market expectations, according to Zhang. The sub-index for inventories of raw materials edged up 0.1 percentage point from the previous month to 47.6 percent in May, but still marked the fourth consecutive month of shrinking stocks. However, the sub-index for inventories of finished goods went up along with the figures for purchasing prices and purchasing quantity, showing positive stock adjustments and providing room for economic recovery at large, according to the CFLP. The CFLP data also shows that the employment sub-index for May declined 0.2 percentage point to 48.8 percent, indicating job cuts, while the sub-index for supplier delivery times stood unchanged at 50.8 percent.P The official PMI, based on a survey of purchasing managers from 3,000 companies across 21 industries, diverged from the HSBC\'s flash PMI reading issued last week. HSBC said the PMI for China\'s manufacturing sector dropped to 49.6 points in May, sinking below the 50-point line for the first time in seven months. The bank\'s final reading is scheduled to be released on Monday. The flash reading renewed concerns over insufficient momentum for China\'s economic rebound, as the country\'s growth unexpectedly slowed to 7.7 percent in the first quarter of 2013, down from 7.9 percent during the final quarter of 2012. So far, this year\'s PMI figures have shown that the economy is on track for restructuring with a solidified foundation and conditions necessary for economic growth, the CFLP said. According to the federation, 42.7 percent of companies surveyed in May still reported a shortage of orders. The CFLP also warned that high-energy-consuming sectors are showing signs of expanded production. The PMIs for large and medium-sized companies both picked up in May and remained steadily above 50 percent, whereas the index for small enterprises pared 0.3 percentage point to 47.3 percent, the CFLP added, calling on policy makers to lend their support to smaller industry players. Meanwhile, the business outlook sub-index came out 3 percentage points lower month on month at 56.3 percent, meaning fewer manufacturers were optimistic about business activity in the coming three months. The CFLP also noted that the PMIs for the country\'s central and western regions have shown a downward trend over the past two months, heightening the need for stronger growth momentum in those regions. Zhang Liqun, the analyst, attributed the drop in central China\'s PMI to structural adjustments and economic upgrading. \"The influence of economic restructuring will become more visible in the future, but uncertainties facing China\'s economic growth cannot be neglected,\" the analyst said.

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 may manufacturing pmi rises to 508 Arab Today, arab today china\s may manufacturing pmi rises to 508

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 18:36 2017 Monday ,20 February

Heavy selling drags Oman shares lower

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher

GMT 15:33 2017 Saturday ,18 February

Lock-up shares worth 39 bln yuan eligible for trade

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
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