360° Coverage : China's manufacturing activity at nine-month low: HSBC

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China's manufacturing activity at nine-month low: HSBC
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China's manufacturing activity at nine-month low: HSBC

Jun 20 2013, 2:30am CDT | by

Beijing, June 20 (IANS) China's manufacturing activities fell to a nine-month low this month, according to a preliminary survey from HSBC.

Beijing, June 20 — China's manufacturing activities fell to a nine-month low this month, according to a preliminary survey from HSBC. The HSBC Flash Manufacturing Purchasing Managers' Index (PMI)...

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1 year ago

China's manufacturing activity at nine-month low: HSBC

Jun 20 2013, 2:30am CDT | by

Beijing, June 20 (IANS) China's manufacturing activities fell to a nine-month low this month, according to a preliminary survey from HSBC.

Beijing, June 20 — China's manufacturing activities fell to a nine-month low this month, according to a preliminary survey from HSBC.

The HSBC Flash Manufacturing Purchasing Managers' Index (PMI) for June fell to 48.3, the lowest level since October and down from 49.2 in May, according to figures released by HSBC Thursday.

An index reading above 50 indicates expansion, while a reading below 50 means contraction.

Qu Hongbin, chief economist of HSBC China, said China's manufacturing sectors are weighed down by waning external demand, moderating domestic demand and rising destocking pressures, reported Xinhua.

The sub-index for manufacturing output dropped to an eight-month low of 48.8, while those for new orders and new export orders both fell from the previous month, the data show.

Qu said he expects China to see slightly weaker growth in the second quarter, as ongoing reforms may have a limited impact in the short term.

HSBC Wednesday cut its forecast for China's GDP growth this year to 7.4 percent, down from its previous forecast of 8.2 percent.

China's GDP growth slowed to 7.7 percent in the first quarter from 7.9 percent recorded during the last quarter of 2012, data from the National Bureau of Statistics show.

The government has set its growth target for this year at 7.5 percent in a bid to seek quality and efficient economic growth.

IANS

Source: IANS

 
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China manufacturing gauge picks up in September: HSBC

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Beijing (AFP) - China's manufacturing sector saw a surprise pick-up in September, a closely watched survey showed Tuesday, providing some respite after a string of weak data pointing to a slowdown in world's second-largest economy.HSBC said its preliminary purchasing managers index (PMI), which tracks activity in China's factories and workshops, advanced to a two-month high of 50.5, higher than a final reading of 50.2 in August.A reading above 50 indicates the sector is ex ...
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China factory index ticks up

Sep 22 2014 9:45pm CDT | Source: The Standard: China's Business Newspaper

A report says growth in China's manufacturing unexpectedly ticked higher in September, easing concerns about the No. 2 economy' ...
Source: The Standard: China's Business Newspaper   Full article at: The Standard: China's Business Newspaper
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
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