China manufacturing falls to 5-month low as anti-virus controls tighten

China's manufacturing activity fell to a five-month low in March after most of Shanghai and two other industrial centres were shut down to fight coronavirus outbreaks, a survey showed Thursday.

china, manufacturing
AP Beijing
1 min read Last Updated : Mar 31 2022 | 11:54 AM IST

China's manufacturing activity fell to a five-month low in March after most of Shanghai and two other industrial centres were shut down to fight coronavirus outbreaks, a survey showed Thursday.

The monthly purchasing managers' index of the Chinese statistics agency and an industry group, the China Federation of Logistics and Purchasing, fell to 49.5 from February's 50.2 on a 100-point scale. Numbers below 50 show activity contracting.

Sub-indicators of new orders, new export orders, employment, production and business expectations all declined, the report said.

Even if the outbreak is brought under control soon, it will still take a while for the economy to get back on track, Julian Evans-Pritchard of Capital Economics said in a report.

Most businesses in Shanghai, China's most populous city, have been ordered to close while millions of people are tested for the virus.

Access to Changchun and Jilin in the northeast has been suspended, forcing automakers and other factories to shut down. Restrictions also have been imposed on some smaller cities.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :CoronavirusChina manufacturing PMIChina economyChina

First Published: Mar 31 2022 | 11:54 AM IST

Next Story