caixin china factory activity rebounds in june
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Caixin: China factory activity rebounds in June

Arab Today, arab today

Arab Today, arab today Caixin: China factory activity rebounds in June

There are growing concerns that the world's second-largest economy
Beijing - AFP

China's manufacturing activity rebounded last month as new orders and production gathered pace, independent figures showed Monday, but an analyst warned the pick up was likely to be temporary.

The indicator tallies with the government's purchasing managers' index (PMI) that also showed an improvement in factory conditions in June compared with the previous month.

But there are growing concerns that the world's second-largest economy is losing momentum as policymakers rein in lending and curb property purchases after years of debt-fuelled investment. 

The private Caixin survey of purchasing managers at hundreds of manufacturing companies showed a reading of 50.4 last month, compared with 49.6 in May.

A PMI figure above 50 indicates growth while anything below points to contraction. May's data showed the first contraction in almost a year.

New orders expanded at the fastest pace in three months, boosting production and helping lift the PMI, Caixin said in a joint statement with data compiler IHS Markit.

But relatively subdued customer demand weighed on business confidence, which fell to the lowest level this year. 

"The manufacturing sector recovered slightly in June, but based on the inventory trends and confidence around future output, the June reading was more like a temporary rebound, with an economic downtrend likely to be confirmed later," said Zhengsheng Zhong, director of macroeconomic analysis at research firm CEBM Group, which is part of Caixin.

Manufacturers seeking to cut costs and improve efficiency further reduced staff numbers in June, straining their operating capacity and leading to an increase in work backlogs, the survey showed. 

Beijing is wrestling with huge debt and excess capacity left over from massive government-backed infrastructure spending at the height of the global financial crisis, which has led to a slowdown in economic growth.

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*

caixin china factory activity rebounds in june caixin china factory activity rebounds in june

 



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*

caixin china factory activity rebounds in june caixin china factory activity rebounds in june

 



GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 00:49 2017 Tuesday ,28 February

New vehicle scanner to ease Oman border rush

GMT 10:50 2018 Monday ,08 January

L'anza unveils sprayable styling paste Airpaste

GMT 16:40 2012 Monday ,20 February

New Ferrari Enzo

GMT 13:47 2013 Friday ,22 March

FM: Greece takeover process of Cypriot banks

GMT 19:13 2017 Monday ,16 October

6 wounded in USA oil rig blaze near New Orleans

GMT 16:34 2016 Sunday ,25 September

Pakistani air force jet crashes, killing pilot

GMT 20:53 2017 Wednesday ,14 June

Media council abandon complaint against writer

GMT 20:59 2017 Tuesday ,31 October

IMF official says Egypt's economy

GMT 15:19 2017 Wednesday ,29 November

Five things to watch out for in 2018

GMT 02:04 2017 Saturday ,18 November

To solve N.Ireland border issue

GMT 03:18 2017 Sunday ,05 November

Curva rebrands as FROW Magazine

GMT 22:16 2018 Wednesday ,17 January

GCC Chief meets UN Envoy to Yemen

GMT 13:05 2011 Thursday ,23 June

Irish Derby to be bigger and exciting
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