Related News
China manufacturing activity increases in July
Online Edition
China's manufacturing activity unexpectedly strengthened in July, the government announced on Thursday, amid rising concerns the world's second-largest economy is weakening overall.
The official Purchasing Managers' Index rose to 50.3 in July from 50.1 in June, according to the National Bureau of Statistics.
The result compared with a median forecast of 49.8 in a survey of 11 economists by Dow Jones Newswires.
The index tracks manufacturing activity in China's factories and workshops and is a closely watched gauge of the health of the economy. A reading below 50 indicates contraction, while anything above signals expansion.
Worries over China's economy have intensified this year after an expected rebound failed to appear. China's economy grew 7.8 percent in 2012, its worst performance in 13 years.
The economy has weakened further this year, with growth in the April-June period dipping to 7.5 percent, from 7.7 percent in the first quarter and 7.9 percent in the final three months of last year.
HSBC was also due to release its final PMI reading for July on Thursday.
HSBC announced last weak that its preliminary result reached an 11-month low, indicating further weakness in the Asian manufacturing giant.
- 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.
