china factory activity steady in october independent data
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

China factory activity steady in October: independent data

Arab Today, arab today

Arab Today, arab today China factory activity steady in October: independent data

Experts have warned of a slowdown in Chinese factory activity ahead the country's notoriously bad air quality.
Beijing - Arab Today

Chinese factory activity stabilised in October, according to independent data released Wednesday, one day after a disappointing official reading suggested output growth had slowed.

The world's second-largest economy registered 6.8 percent growth in the third quarter of the year, down from 6.9 percent in the first two quarters.

But experts have warned of a slowdown ahead as the country tightens financial controls to slow the pace of debt growth and reduces production in the northeast to tackle the country's notoriously bad air quality.

The Caixin Purchasing Managers Index (PMI) -- an indicator of conditions at small manufacturers -- came in at 51.0 in October, unchanged from the previous month.

A PMI figure above 50 represents growth while anything below points to contraction.

"October survey data signalled a further marginal improvement in manufacturing operating conditions across China," Caixin said in a statement with data compiler IHS Markit.

"But the stringent production curbs imposed by the government to reduce pollution and relatively low inventory levels have added to cost pressures on companies in midstream and downstream industries, which could have a negative impact on production in the coming months," Caixin analyst Zhengsheng Zhong wrote.

While new business and new export sales rose moderately in October, production expansion stagnated and manufacturers continued reducing staff levels, according to Caixin.

Despite increased purchasing activity from companies, input stocks declined as some manufacturers used current stockpiles to fulfil production requirements, leading to a drop in stocks of finished goods.

The government's official PMI reading Tuesday of 51.6 fell short of forecasts, suggesting factory activity expansion slowed in October.

"We tend to put more weight on the Caixin PMI since the index has recently done a better job capturing cyclical trends in economic activity," said Julian Evans-Pritchard, China Economist at Capital Economics in a research note.

Souece: AFP

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*

china factory activity steady in october independent data china factory activity steady in october independent data

 



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*

china factory activity steady in october independent data china factory activity steady in october independent data

 



GMT 15:22 2015 Wednesday ,05 August

3 things highly resilient people do differently

GMT 12:27 2017 Friday ,29 December

Indonesia`s support for Palestine won`t change

GMT 18:28 2017 Tuesday ,23 May

Greece Fails to Secure Fresh Bailout Funds

GMT 06:30 2017 Tuesday ,24 October

Syria demands 'immediate' withdrawal of Turkey troops

GMT 10:30 2016 Thursday ,29 December

'Singin in the Rain' star Reynolds dies

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show

GMT 16:56 2017 Monday ,11 September

Magdy refuses calls for dismissing coach

GMT 19:44 2017 Saturday ,28 October

Netanyahu personal diplomatic envoy steps down

GMT 05:04 2017 Sunday ,24 September

Colombia declares emergency as first landslide victims

GMT 04:41 2018 Wednesday ,03 January

Japan emperor greets New Year well-wishers

GMT 12:59 2018 Monday ,01 January

Rohingya Muslims' plight discussed

GMT 09:24 2018 Monday ,01 January

Iran 'tested by its own citizens': Haley

GMT 16:54 2017 Sunday ,31 December

Weather forecast for Tuesday, December 26
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday