伊人不卡,国产乱码一二三区精品,亚洲午夜综合,亚洲网站在线,亚洲国产二区三区,开心伊人网,tiantianri

US EUROPE AFRICA ASIA 中文
Business / Macro

HSBC China's manufacturing PMI at eight-month low

(Xinhua) Updated: 2014-03-24 10:23

BEIJING - China's economy which began to soften at the end of last year is showing more signs of a slowdown, with economists arguing that growth in the first quarter might fail to meet the government's annual target of 7.5 percent.

The latest evidence was found in the HSBC's preliminary manufacturing purchasing managers' index (PMI), which was one of the earliest available indicators of the manufacturing sector's operating conditions in China.

HSBC China's manufacturing PMI at eight-month low

HSBC China's manufacturing PMI at eight-month low

The HSBC/Markit China flash manufacturing PMI for March dipped to an eight-month low of 48.1 from a final reading of 48.5 in February, said data company Markit in a statement on Monday.

It meant that manufacturing activity contracted for the third month in a row in March.

According to Markit, data was collected between March 12 and March 20. March's final PMI data will be released on April 1.

PMI above 50 indicates expansion and below 50, contraction.

January saw HSBC China manufacturing PMI dipping to 49.5 from 50.5 in December, the first deterioration of operating conditions in the country's manufacturing sector since July 2013.

In March, almost all sub-indexes fell, including output, new orders, employment, backlogs of work, output prices and stocks of purchases.

New orders fell sharply to 46.9 from 48.6. Output declined to 47.3 from 48.8. In contrast, finished goods inventory rose to 51.2 from 50.1.

The encouraging news came from the sub-index for new export orders, which climbed over the 50-mark for the first time in four months.

Commenting on the figure, HSBC's chief China economist Qu Hongbin said March's flash reading suggested the country's growth momentum continued to slow down, and weakness was broadly-based with domestic demand softening further.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...