Business sentiment index down in June
By Lilith Hu |
June 30, 2012, Saturday
|
Print Edition
Print Edition
China's business conditions in June improved at the slowest pace so far this year due to a credit crunch and increased payrolls, the latest MNI China Business Sentiment Indicator showed.
Market News International, a unit of Deutsche Boerse Group, yesterday said the index, which measures overall business sentiment, fell to 53.21 from 54.4 in May, the lowest level for the headline index since December.
An index figure above 50 indicates business activity is growing or improving. A figure below 50 means contraction.
The final June result is a slight increase over last week's flash reading of 51.92, the lowest since January 2009, MNI said.
Input prices continued to moderate while interest rates paid by companies fell sharply this month. Interest rates are expected to continue falling in the next three months as China has made moves to ease monetary control, MNI said.
Market News International, a unit of Deutsche Boerse Group, yesterday said the index, which measures overall business sentiment, fell to 53.21 from 54.4 in May, the lowest level for the headline index since December.
An index figure above 50 indicates business activity is growing or improving. A figure below 50 means contraction.
The final June result is a slight increase over last week's flash reading of 51.92, the lowest since January 2009, MNI said.
Input prices continued to moderate while interest rates paid by companies fell sharply this month. Interest rates are expected to continue falling in the next three months as China has made moves to ease monetary control, MNI said.
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