none

CHINA MANUFACTURING ACTIVITY ON THE RISE

26-09-2014
by 
in 

Factory activity in China has improved in September, according to early industry data.

The preliminary HSBC Manufacturing PMI has risen to 50.5, compared with a final reading of 50.2 the previous month. A reading above 50 indicates expansion, while a reading below 50 indicates contraction.

The latest figures are encouraging as the world's second-largest economy struggles with a downturn.

Economists and investors are looking to China to give the global economy a boost as the European economy remains weak and the US recovery has been slow.

The improved outlook for manufacturers follows a weakening in China's industrial production, energy consumption and fixed-asset investment in August.

"That is reassuring for people worried about the downturn in the economy," said Crédit Agricole CIB economist Dariusz Kowalczyk. But he expects China's growth to decelerate to 7 percent year-over-year in the second half from 7.4 percent in the first half as the manufacturing sector is weaker than in the past. "I don't see anything to change that view of slower (economic) growth," he said.

Related news & editorials

  1. 16.07.2018
    16.07.2018
    by      In
    NSW-based Ranger Lifting is set to mark 20 years in business at a brand new facility in Prestons, outside Sydney on Saturday 22nd September 2018.
    The lifting and rigging equipment supplier, which also recently opened a site in Melbourne, will combine the grand opening of its new headquarters, 40km... Read More
  2. 16.07.2018
    16.07.2018
    by      In
    The Australian Made Campaign has revealed the lengths to which some makers of counterfeit goods will go to falsely claim Australian manufacture for their goods, with false claims, a bogus logo and a tortuous import/export route all parts of a recent episode.
    Last month, the campaign’s offices were... Read More
  3. 05.07.2018
    05.07.2018
    by      In
    Technology developed at CSIRO has led to the release of a novel copper ore sorting analyser that promises to dramatically reduce energy and water use by copper miners. The novel analyser is being brought to market through NextOre, a new company created by RFC Ambrian, Advisian Digital and CSIRO.... Read More
  4. 05.07.2018
    05.07.2018
    by      In
    Following its successful export and installation of 12 of its flagship high-power chargers for electric vehicles in Germany as part of the Ionity network, Ionity has now chosen Brisbane company Tritium as its technology partner for the construction of a further 100 high-power charging sites across... Read More