Arab Today, arab today china manufacturing improves in february
Last Updated : GMT 09:27:54
Arab Today, arab today
Arab Today, arab today

China manufacturing improves in February

Arab Today, arab today

Arab Today, arab today China manufacturing improves in February

A worker assembles automobiles
Beijing - AFP

China's manufacturing activity in February improved more than initially thought, HSBC said on Monday, but weakening foreign demand and declining prices signalled the world's second-largest economy still faces multiple woes.
The British bank's final purchasing managers' index (PMI) for the month came in at 50.7, up from its preliminary reading of 50.1 and the highest since July's 51.7, the firm said in a statement.
PMI readings above 50 point to expansion, while anything below suggests contraction.
The index, compiled by information services provider Markit, tracks activity in China's factories and workshops and is a closely watched indicator of the health of the Asian economic giant.
Annabel Fiddes, an economist at Markit, said the improvement was mainly underpinned by the strongest expansion of output since last summer.
"However, the renewed fall in new export orders suggests that foreign demand has weakened, while manufacturers continued to cut their staff numbers (albeit fractionally)," she said in the statement, adding dropping input and output prices pointed to persisting deflationary pressures.
The National Bureau of Statistics on Sunday said China's official PMI showed contraction for the second straight month in February, coming in at 49.9.
The two surveys often differ to some degree. Analysts have said HSBC's survey is more weighted towards small exporters while the official one looks to larger companies.
The official figure was released a day after the central People's Bank of China (PBoC) announced it was cutting benchmark interest rates for the second time in three months, in a move to help stem a slump in Chinese growth.
China's overall economy expanded 7.4 percent in 2014, a 24-year low, with the slowdown prompting authorities to loosen monetary policy in a bid to put a floor under growth.
The PBoC said in a note Saturday that "historically low inflation" was among the factors behind the decision to cut interest rates.
Chinese inflation as measured by the consumer price index (CPI) plunged to a more than five-year low of 0.8 percent in January, while the producer price index, a measure of costs for goods at the factory gate and a leading indicator of the trend for CPI, declined for the 35th straight month.
The PBoC surprised markets on November 21 by lowering interest rates for the first time in more than two-and-a-half years.

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 improves in february Arab Today, arab today china manufacturing improves in february

 



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 china manufacturing improves in february Arab Today, arab today china manufacturing improves in february

 



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 How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
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