360° Coverage : China's manufacturing PMI falls

11 Updates
China's manufacturing PMI falls
Photo Credit: Lam Yik Fei, Getty Images

China's manufacturing PMI falls

Jul 1 2013, 1:51am CDT | by

Beijing, July 1 (IANS) China's Purchasing Managers' Index (PMI) for the manufacturing sector fell to 50.1 percent in June from 50.8 percent in May, data from the China Federation of Logistics and Purchasing (CFLP) showed Monday.

Beijing, July 1 — China's Purchasing Managers' Index (PMI) for the manufacturing sector fell to 50.1 percent in June from 50.8 percent in May, data from the China Federation of Logistics and...

Filed under: news

YouTube Videos

 
 
 

1 year ago

China's manufacturing PMI falls

Jul 1 2013, 1:51am CDT | by

Beijing, July 1 (IANS) China's Purchasing Managers' Index (PMI) for the manufacturing sector fell to 50.1 percent in June from 50.8 percent in May, data from the China Federation of Logistics and Purchasing (CFLP) showed Monday.

Beijing, July 1 — China's Purchasing Managers' Index (PMI) for the manufacturing sector fell to 50.1 percent in June from 50.8 percent in May, data from the China Federation of Logistics and Purchasing (CFLP) showed Monday.

June marked the ninth consecutive month that the PMI figure stayed above 50 percent, the line demarcating expansion from contraction, reported Xinhua.

Major PMI compounds all declined in June, indicating downward pressure on the economy, said Zhang Liqun, analyst with the Development Research Center of the State Council.

But Zhang also noted that the economic growth is still in a process of stabilizing. Inventories have touched a historically low level, suggesting limited room for further decrease, the analyst said.

Investment and consumption remained generally stable in the first five months of this year, and the actual growth rate of exports did not see a significant fall, Li explained, adding that the policy targeting stable growth will gradually take effect.

In June, the sub-index for production moved down from 53.3 percent in May to 52.0 percent, while the sub-index for new orders lost 1.4 percentage points to 50.4 percent, according to a statement jointly released by the CFLP and the National Bureau of Statistics.

The sub-index for raw materials inventories was slightly down 0.2 percentage points from the previous month to 47.4 percent in June, marking a fifth consecutive month of shrinking stocks.

The sub-index for purchasing prices of raw materials lost 0.5 percentage points to 44.6 percent in June, staying below the 50-percent demarcation line for a third consecutive month.

Data also showed that the employment sub-index for June pared 0.1 percentage points to 48.7 percent, indicating job cuts, while the sub-index for supplier delivery times moved down 0.5 percentage points to 50.3 percent.

IANS

Source: IANS

 
Update
11

3 hours ago

Aussie Dollar Edges Higher on China GDP, Yen May Rise on US Data

Oct 22 2014 1:12am CDT | Source: Forex News

Talking Points: Aussie Dollar Edges Higher on Modestly Better Than Expected Chinese GDP US Dollar, Yen May Rise if Upbeat Home Sales Data Fuels Fed Rates Outlook PlaceEconomic Releases Directly on Your Charts with the DailyFX News App The Australian Dollar narrowly outperformed in overnight trade, rising as much as 0.3 percent on average against its leading counterparts, following a narrowly better-than-expected Chinese GDP ...
Source: Forex News   Full article at: Forex News
 

 
Update
10

6 hours ago

APEC finance ministers meeting in Beijing amid concerns over regional slowdown

Oct 21 2014 9:45pm CDT | Source: Canadian Business Online

BEIJING, China – Asia Pacific finance ministers are meeting in Beijing amid concerns over a slowdown in the regional economy highlighted by lower Chinese growth figures. Wednesday’s meeting of 21 ministers from Asia-Pacific Economic Cooperation economies is being chaired by China’s finance minister Lou Jiwei and comes weeks ahead of APEC’s leadership summit in Beijing. Participants, including those from the International Monetary Fund and World Bank, will discuss the ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
9

6 hours ago

Ebola Fears Spark China Pullback in West Africa

Oct 21 2014 9:43pm CDT | Source: WSJ.com: Asia Home

China’s massive commercial footprint in Africa has grown despite civil wars and military coups. Ebola i ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 
Update
8

7 hours ago

Apple issues a warning for iCloud users amid reports of hacking effort in China

Oct 21 2014 9:30pm CDT | Source: Canadian Business Online

SAN FRANCISCO – Apple has posted a new security warning for users of its iCloud online storage service amid reports of a concerted effort to steal passwords and other data from people who use the popular service in China. “We’re aware of intermittent organized network attacks using insecure certificates to obtain user information, and we take this very seriously,” the computer-maker said in a post Tuesday on its support ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
7

7 hours ago

China premier says taking time for reforms to gain traction

Oct 21 2014 9:15pm CDT | Source: Reuters India

BEIJING (Reuters) - It is still taking time for reform measures to gain traction, Chinese Premier Li Keqiang was quoted as saying by the Foreig ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
5

7 hours ago

Reforms taking time to gain traction: Chinese Premier

Oct 21 2014 9:15pm CDT | Source: Business Standard

It is still taking time for reform measures to gain traction, Chinese Premier Li Keqiang was quoted as saying ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
4

7 hours ago

Apple issues security warning for iCloud

Oct 21 2014 8:51pm CDT | Source: Mercury News

Apple has posted a new security warning for users of its iCloud online storage service amid reports of a concerted effort to steal passwords and other data from people who ...
Source: Mercury News   Full article at: Mercury News
 

 
Update
3

7 hours ago

Gold hovers near 6-week top amid China slowdown woes

Oct 21 2014 8:40pm CDT | Source: Reuters India

SINGAPORE (Reuters) - Gold was trading near its highest level since early September on Wednesday, supported by concerns over slower ec ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
2

9 hours ago

Loyalty Boosts Apple In iPhone 6 China Debut

Oct 21 2014 7:24pm CDT | Source: Forbes Real Time

Nearly a month after their global launch, Apple’s latest iPhones are now formally on sale here in China. We’ll no doubt get flooded with numbers about initial sales in the next few days, some of which may be correct but many of w ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
1

12 hours ago

Top bullion consumer China works on first gold forwards, options

Oct 21 2014 4:20pm CDT | Source: Reuters India

SINGAPORE/SHANGHAI (Reuters) - The Shanghai Gold Exchange (SGE) is working on plans for China's first forwards and options in gold, sources say, potentially putting China ahead in the race to set an Asian pricing benchmark that might eventually rival the ...
Source: Reuters India   Full article at: Reuters India
 

 

Don't miss ...

 

<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.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

US ready to cooperate with Cuba in Ebola fight
Washington, Oct 22 (IANS/EFE) The US is ready to cooperate with Cuba in the international fight against Ebola in West Africa, a spokesperson for the US State Department confirmed to Spanish news agency Efe.
 
 
When Ethiopians joined hands with Indians to celebrate Diwali
Addis Ababa, Oct 22 (IANS) This year in Ethiopia, the celebration of Diwali, the Indian festival of lights, started early in a unique way with many new participants, both Indian and Ethiopian.
 
 
OPEC daily basket price closes lower
Vienna, Oct 22 (IANS/WAM) The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $82.09 a barrel Tuesday compared to $82.37 Monday, the OPEC Secretariat said.
 
 
Marital woes can make you fat
New York, Oct 22 (IANS) If you have a history of depression, picking up fights with your better half could increase the risk of obesity by altering how the body processes high-fat foods, says a new research.
 
 
 

Latest from the Network

European Champions League standings
Paris, Oct 22 (IANS) Following are the European Champions League standings for Groups E to H after Tuesday's matches (tabulated under matches played, won, drawn, lost, goals for, against, points), according to Xinhua...
Read more on Sport Balla
 
Rogerio set to break Giggs world record
Rio de Janeiro, Oct 22 (IANS) Sao Paulo goalkeeper Rogerio Ceni is one victory away from earning his fourth Guinness World Record by eclipsing a mark held by Manchester United legend Ryan Giggs. The 41-year-old will...
Read more on Sport Balla
 
Ryan Reynolds can't keep his hands off Blake Lively
Ryan Reynolds was ''really sweet'' to Blake Lively at the Angel City Ball. The couple, who got married in September 2012, made their first red carpet appearance together in New York City on Monday night (10.20.14) since...
Read more on Celebrity Balla
 
Kris Jenner doesn't know who Bruce Jenner is dating
Kris Jenner has ''no idea'' whether Bruce Jenner is dating her best friend. The 58-year-old reality TV star, who split from the Olympic gold medallist last October after 23 years of marriage, claims she doesn't know if...
Read more on Celebrity Balla
 
When Rihanna dressed like 'Harry Potter'
New York, Oct 22 (IANS) Singer Rihanna was spotted here in a Harry Potter style costume. She wore the wizard-like get-up while heading for a business meal here Monday, reports mirror.co.uk. The 26-year-old combined a...
Read more on Celebrity Balla
 
Germany raises humanitarian aid to Iraq
Berlin, Oct 22 (IANS) Germany has pledged a further 20 million euros (about 25.5 million dollars) in humanitarian aid to Iraq, the foreign ministry said in a statement Tuesday. The additional funds are immediately...
Read more on Politics Balla
 
India calls on Israel, Palestine to resume peace process
United Nations, Oct 22 (IANS) India has called upon Israelis and Palestinians to resume the peace process as "dialogue remains the only viable option" to address the issues confronting the region. In a brief statement...
Read more on Politics Balla
 
Airstrikes help ground forces fight IS: Pentagon
Washington, Oct 22 (IANS) Kurdish forces are in control of the majority of the Syrian city of Kobane despite efforts by the Islamic State (IS) to take the town, a spokesperson for US defence department said Tuesday....
Read more on Politics Balla
 
Palestine, Israel urged at UN to halt unilateral initiatives
United Nations, Oct 22 (IANS) UN Secretary-General Ban Ki- moon Tuesday called on Palestine and Israel to overcome differences and halt unilateral initiatives that fuel mistrust, so as to pursue long-term stability in...
Read more on Politics Balla
 
China urges Israel to create conditions for peace
United Nations, Oct 22 (IANS) Chinese government has called on Israel to create necessary conditions for the resumption of peace talks with Palestine. At an open debate of the Security Council on the situation of the...
Read more on Politics Balla