none

CHINA MANUFACTURING AT SIX-MONTH LOW

26-11-2014
by 
in 

Activity in China’s manufacturing sector has fallen to a six-month low due mainly to a fall in new export orders, according to the latest industry data.

The preliminary HSBC China Manufacturing Purchasing Managers Index (PMI) fell to 50.0 in November, compared with a final reading of 50.4 in October. A reading above 50 indicates expansion from the previous month, while a reading below 50 indicates contraction.

HSBC chief China economist Hongbin Qu said new export order growth continued to ease and led to a below-50 reading for the output sub-index for the first time since May.

"Disinflationary pressures remain strong and the labour market showed further signs of weakening. Weak price pressures and low capacity utilisation point to insufficient demand in the economy, he said.

"Furthermore, we still see uncertainties in the months ahead from the property market and on the export front."

"We think growth still faces significant downward pressures, and more monetary and fiscal easing measures should be deployed.”

The preliminary PMI figure, also called the HSBC Flash China PMI, is based on 85 per cent to 90 per cent of total responses to HSBC's PMI survey each month, and is issued about one week before the final PMI reading.

Related news & editorials

  1. 20.11.2018
    20.11.2018
    by      In
    Traditionally, Industry Update has published a Christmas Gift Guide at this time of year. But this year we thought it might be time for all of us to think of those less fortunate. So here’s the 2018 Industry Update Giving Guide.
    These charities need your support more than ever at this time of year... Read More
  2. 19.11.2018
    19.11.2018
    by      In
    Leading engineering technology and systems innovation consultancy Frazer-Nash has tripled the size of its Adelaide headquarters, with SA premier Steven Marshall officiating at the recent opening ceremony.
    The company’s Australian Director, Jonathan Armstrong said: “We’ve created 40 high value jobs... Read More
  3. 19.11.2018
    19.11.2018
    by      In
    Following the success of this year’s Electronex at Rosehill Gardens in Sydney, the show organiser has announced that the 2019 Expo will be held in the new extension of the Melbourne Convention & Exhibition Centre on the 11th and 12th September next year.
    The Sydney event was judged an... Read More
  4. 15.11.2018
    15.11.2018
    by      In
    It’s less than a year since Lapp Australia started trading, but the company has swiftly established itself in the local market, with significant penetration in sectors such as food and beverage, manufacturing, solar, sound and stage production, electrical contracting, machine building and... Read More