Arab Today, arab today china\s manufacturing slumps in august
Last Updated : GMT 08:44:49
Arab Today, arab today
Arab Today, arab today

China\'s manufacturing slumps in August

Arab Today, arab today

Arab Today, arab today China\'s manufacturing slumps in August

Beijing - AFP

China\'s manufacturing activity slumped in August to a nine-month low, official figures showed Saturday, in the latest sign of serious weakness in the world\'s second-largest economy. The government\'s purchasing managers\' index (PMI) fell to 49.2 in August from 50.1 in July, according to a statement released by the China Federation of Logistics and Purchasing and the National Bureau of Statistics. A PMI reading above 50 indicates expansion, while one below 50 points to contraction. The August reading was the lowest since 49.0 in November last year, and below the median forecast of 50.0 in a survey of 11 economists by Dow Jones Newswires. China\'s official figures came after HSBC\'s closely watched purchasing managers\' index hit a preliminary figure of 47.8 for August, also the lowest since November in that survey, the British banking giant said late last month. HSBC is scheduled to release its final PMI figure for August on Monday. China\'s economy slowed to growth of 7.6 percent in the second quarter up until the end of June, the worst performance in three years. In the current third quarter, trade, industrial output and retail sales figures for July came in weak, raising concerns that government efforts to stimulate growth may be insufficient. China has tried to boost its economy with interest rate cuts and by lowering the amount of funds that banks must keep on hand in a bid to spur the kind of lending that could stimulate a rebound.

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 manufacturing slumps in august Arab Today, arab today china\s manufacturing slumps in august

 



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\s manufacturing slumps in august Arab Today, arab today china\s manufacturing slumps in august

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
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