Related News
China business sentiment drops for 2nd month
By Hu Xiaocen |
July 26, 2013, Friday
|
Online Edition
Online Edition
CHINESE business sentiment dropped for the second consecutive month in July to the lowest level since October due to the recent liquidity squeeze, a private report showed today.
The monthly MNI China Business Indicator declined to 53.4 in July from 54.9 in June, Market News International, a unit of Deutsche Boerse Group, said in a report.
"Overall business conditions weakened further in July, potentially hit by the spike in short-term interest rates which began in June," said Philip Uglow, chief economist at MNI.
"One key positive to take from the data, though, was a fourth consecutive rise in new orders, only seen once before in the series' six-year history," he added.
According to the report, firms' ability to obtain credit worsened to the lowest since October 2011, while the interest rates they faced rose to a one-year high.
The results were drawn after surveying 200 companies listed in the Shanghai and Shenzhen stock exchanges.
The monthly MNI China Business Indicator declined to 53.4 in July from 54.9 in June, Market News International, a unit of Deutsche Boerse Group, said in a report.
"Overall business conditions weakened further in July, potentially hit by the spike in short-term interest rates which began in June," said Philip Uglow, chief economist at MNI.
"One key positive to take from the data, though, was a fourth consecutive rise in new orders, only seen once before in the series' six-year history," he added.
According to the report, firms' ability to obtain credit worsened to the lowest since October 2011, while the interest rates they faced rose to a one-year high.
The results were drawn after surveying 200 companies listed in the Shanghai and Shenzhen stock exchanges.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
