none

Surge in Chinese manufacturing

31-08-2010
by 
in 

 

A slowdown in China's manufacturing sector has eased, according to latest data.
 
The HSBC’s monthly purchasing managers index (PMI), which measures factory output, rose to 49.1 in April, up from 48.3 in March.
 
A reading above 50 indicates expansion. Readings below 50 suggests contraction.
 
Though it was the sixth consecutive month of contraction in the sector, HSBC officials remain optimistic.
 
Chief economist Qu Hongbin said the data suggested that government measures to stimulate the economy appeared to be working and "should ease concerns of a sharp growth slowdown".
 
HSBC's figures are typically more pessimistic than government manufacturing data, which have not yet been released for the month.
 
Last month's government figures showed that manufacturing output rose to its highest level in a year in March, the fourth consecutive month that the official numbers indicated expansion.
 
China's economy is widely expected to slow this year as woes in key export markets such as Europe and the US hit its overseas sales.

Related news & editorials

  1. 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
  2. 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
  3. 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
  4. 12.11.2018
    12.11.2018
    by      In
    Energy Vault has developed a novel solution to storage for renewable energy plants that involves neither batteries nor water.
    The Energy Vault system is based on the fundamental physics of potential and kinetic energy, and uses a proprietary, cloud-based software platform to operate a newly... Read More