Page 2 - China Manufacturing Pmi

China's factory activity slows in Dec, indicating economy is still sluggish

A survey of factory managers in China shows that manufacturing contracted in December in the latest sign the world's No. 2 economy remains sluggish. The official purchasing managers index, or PMI, fell to 49 last month in what officials said was evidence of weak demand, the National Bureau of Statistics reported on Sunday. It was the third straight month of contraction. The PMI is on a scale up to 100 where 50 marks the cutoff between expansion and contraction. The index has fallen in eight of the past nine months, with an increase only in September. In November, the index was at 49.4, down from 49.5 the month before. Despite unexpectedly prolonged weakness after the pandemic, China's economy grew at a 5.2 per cent pace in the first three quarters of the year and showed signs of improvement in November, with factory output and retail sales rising. In recent months, the government has raised spending on construction of ports and other infrastructure, cut interest rates and eased cur

China's factory and services activity shrinks in sign of recovery woes

The official manufacturing purchasing managers index fell to 49.4, the second straight month of contraction, according to a Thursday statement from the National Bureau of Statistics

China's manufacturing activity expands for first time since March

Along with looser monetary policy, the country has also seen an uptick in local government borrowing for infrastructure as authorities look for ways to support growth

China's manufacturing contracted in June as export orders decreased: Survey

China's factory activity contracted for another month in June as export orders decreased, an official survey showed Friday, adding to signs an economic rebound following the end of anti-virus controls is cooling. A monthly purchasing managers' index issued by the national statistics agency and an industry group edged up to 49 from May's 48.8 on a 100-point scale on which readings below 50 show activity contracting. The world's second-largest economy revived following the end in December of anti-virus controls on travel and business activity. But that faded faster than expected due to lackluster consumer spending at home and weak demand for exports following interest rate hikes in the United States and Europe to cool inflation. Despite that, China's No. 2 leader, Premier Li Qiang, said this week economic growth accelerated in the April-June period from the previous quarter's 4.5% rate. Li gave no details but expressed confidence China can hit the ruling Communist Party's annual growt

China's factory activity swings to surprise growth in May: Caixin PMI

The manufacturing subindexes showed factory output rose at the fastest clip in 11 months while new orders including new exports expanded in May.

China manufacturing activity contracts, but consumer spending strong

A non-manufacturing gauge of activity in the services and construction sectors declined to 56.4 from 58.2 in March. Economists had forecast the index to hit 57. A reading above 50 indicates expansion

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's factory activity growth dips to four month low in June: PMI

Growth in China's factory activity dipped to a four-month low in June, weighed by higher raw material costs, global shortage of semiconductors and a resurgence of Covid cases in major export province

China's factory activity growth slows in April as supply bottlenecks weigh

The country's official manufacturing purchasing managers' index (PMI) fell to 51.1 in April from 51.9 in March

China's factory activity expands at a slower pace in February: PMI

China's factory activity expanded in February at a slower pace than a month earlier, hitting the lowest level since last May

Investment focus on infra, manufacturing to boost job creation: HR experts

The schemes and outlays proposed by the government in the Budget for core sectors like manufacturing and infrastructure will benefit these segments especially with improved job creation opportunities, HR experts said. Further, the announcement of social security benefits to gig workers and platform workers and the proposed setting up of a portal to collect information on gig workers will create the right impetus for remote and flexible work, they said. "Given the schemes and outlays the government has proposed in the budget for the core sectors - manufacturing and infrastructure, these sectors should see a boost in jobs being created by them," said Rituparna Chakraborty, Co-Founder & Executive Vice President, TeamLease Services. In fact, the plan to set up a professionally managed Development Financial Institution and to allocate Rs 20,000 crore towards capitalising it will not only create employment opportunities, but it will also have a positive impact on consumer spending, ...

China's December factory prices fall at slowest pace in 10 months

China's factory gate prices fell last month at their slowest pace since February, official data showed on Monday, suggesting China's manufacturing sector continues to see a steady recovery from Covid

China's factory activity expands at slower pace in December, PMI at 51.9

China's factory activity expanded in December but at a slower pace, as the country leads a pack of major economies emerging from the coronavirus slump

China factory activity growth slows slightly in October: Statistics Bureau

China's factory activity expanded at a slightly slower pace in October but was slightly above analysts' expectations, suggesting a continuing economic recovery

China's manufacturing activity slows as flooding hits production

Robust services industry eclipses slower output growth in boost to recovery

First into the coronavirus slump, China is proving the fastest out

An industry-powered rebound is pushing the Asian nation out of the historic first-quarter slump and toward the prospect of being the only major economy to expand this year

China factory activity expands at quickest pace since 2011 as demand surges

Numbers beat analysts' forecasts for a more modest improvement of 51.3

China's factory recovery accelerates in July at a faster pace: PMI

The official manufacturing Purchasing Manager's Index (PMI) rose to 51.1 in July from June's 50.9, official data showed on Friday

China posts worst factory activity on record as coronavirus weighs

The collapse in economic activity seen in the data was largely due to virus control measures that have made it hard for workers to travel back after Lunar New Year

India needs more than tax cuts to become a global manufacturing hub

A shortage of skilled workers, bureaucracy and lack of adequate road and port infrastructure are key impediments investors face in India