none

China manufacturing bounces back

02-11-2011
by 
in 

China’s manufacturing is set to expand in October for the first time in four months, snapping the longest contraction since 2009.

This follows a rebound in new orders and output from purchasing managers.

The latest index released by HSBC Holdings Plc and Markit Economics had a reading of 51.1 – the highest in five months.

This compares with the final reading of 49.9 for September and August. A reading above 50 indicates expansion.

The Chinese report, along with new Japanese data showing an increase in exports exceeding economists’ forecasts, signals that Asia’s largest two economies are withstanding Europe’s sovereign debt crisis.

Shares and currencies in the region advanced as the figures, and a plan by European leaders to contain the region’s financial woes, buoyed investor confidence.

HSBC’s preliminary manufacturing index, known as the Flash PMI, is based on 85 per cent to 90 per cent of the total responses to its monthly purchasing managers’ survey sent to executives in more than 400 companies.

Related news & editorials

  1. tank
    12.07.2021
    12.07.2021
    by      In , In
    A collaborative partnership between Lockheed Martin, Australian manufacturer Omni Tanker and the University of New South Wales (UNSW) will look to develop and commercialise world-first composite tank technologies, thanks to a grant from the Federal Government’s Advanced Manufacturing Growth Centre... Read More
  2. 3D printer
    12.07.2021
    12.07.2021
    by      In , In
    Obsolescence is an unavoidable part of any manufacturing environment. However, it’s concerning that nearly 70% of companies admit they do not know when vital equipment requires replacing, or when they do, they scramble to find replacements. Here, Claudia Jarrett, country manager at automation parts... Read More
  3. circuit breaker
    09.07.2021
    09.07.2021
    by      In , In
    Distributor Control Logic has announced the availability of the PULS PISA-B electronic protection module.
    The all-new PISA-B generation is one of the most compact protection module solutions on the market, with eight completely separated, individually adjustable channels to ensure reliable... Read More
  4. medical implements
    09.07.2021
    09.07.2021
    by      In , In
    Henkel’s California facilities dedicated to developing and manufacturing resins for 3D printing, have achieved ISO 13485:2016 certification, an international quality standard. In Henkel’s case, it covers the design and manufacturing of biocompatible resins and other materials used to produce non-... Read More
Products
Suppliers