Business climate gauge declines in Q3
Source: Xinhua |
October 19, 2012, Friday
|
Print Edition
Print Edition
CHINA'S business climate index, a major gauge of the country's macroeconomic outlook, continued to fall in the third quarter, according to a latest survey.
The quarterly index fell to 122.8, down 4.1 points from the second quarter. This is a steeper decline compared with the 0.4-point dip in the previous quarter, the National Bureau of Statistics said yesterday.
China's economic growth cooled to 7.4 percent in the third quarter, the lowest reading since 2009, due to sluggish exports and overcapacity in the domestic market.
The third quarter index was still above the boom-bust line of 100 and 13.2 points higher than the fourth quarter of 2008 during the financial turmoil. This indicated that the overall economy was running normally, the bureau said.
Businessmen in IT, wholesale and retail industries were the most optimistic.
The quarterly index fell to 122.8, down 4.1 points from the second quarter. This is a steeper decline compared with the 0.4-point dip in the previous quarter, the National Bureau of Statistics said yesterday.
China's economic growth cooled to 7.4 percent in the third quarter, the lowest reading since 2009, due to sluggish exports and overcapacity in the domestic market.
The third quarter index was still above the boom-bust line of 100 and 13.2 points higher than the fourth quarter of 2008 during the financial turmoil. This indicated that the overall economy was running normally, the bureau said.
Businessmen in IT, wholesale and retail industries were the most optimistic.
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