▲ Up
 
21:12 03-09-2015
MAIN АКИpress CA-News
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanMongoliaWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Growth in China manufacturing weakens in August

Bishkek (AKIpress) - 473ae78bfdb4d4ee096c5c010b5f9a9f Growth in China's vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed on Thursday, heightening concerns about increasing softness in the economy, Reuters reports.

The tepid reading came as China's economic growth appears to be faltering again, with recent indicators ranging from lending to output and investment all pointing to weakness.

With conditions looking increasingly unsteady, analysts say more stimulus may be needed in coming months to bolster growth and offset the downdraft from the cooling housing market.

The HSBC/Markit Flash China Manufacturing Purchasing Managers' Index (PMI) fell to 50.3 from July's 18-month high of 51.7, missing a Reuters forecast of 51.5.

It was the lowest reading since May, though the PMI stayed above the 50-point level that separates growth in activity from contraction for a third consecutive month.

"Today's data suggest that the economic recovery is still continuing but its momentum has slowed again," said Hongbin Qu, chief economist for China at HSBC.

"We think more policy support is needed to help consolidate the recovery. Both monetary and fiscal policy should remain accommodative until there is a more sustained rebound in economic activity," Qu said.

Losses for most Asian stock markets, including Hong Kong and China, deepened after the PMI survey while the Australian dollar fell. Australia is sensitive to news out of China, its key export market.

A HSBC/Markit sub-index measuring new orders, a gauge of demand at home and abroad, fell to a three-month low of 51.3. The sub-index for output also dropped to a three-month low in August.


Twitterfacebookprint
12:21 21.08.2014
LATEST NEWS
17:59 Bangkok’s delegation to stay in Mongolia until September 617:54 PM Sariyev slams heads of electricity distribution companies for increase in electricity losses17:48 52 kg of melons and grapes exported from Uzbekistan burnt in Kaliningrad17:24 New Labor Code of Kazakhstan under development17:17 Kyrgyzstan to import 600 million kWh of electricity from neighboring states17:14 Czech Republic aims to expand cooperation with Mongolia17:08 Guatemala president offers to quit as bribery arrest looms17:07 Uzbekistan still #76 at FIFA rankings16:50 Agriculture Ministry of Mongolia set to stabilize domestic flour product supply and prices16:45 ADB to approve partnership strategy with Tajikistan by 201616:42 Candidates having problems with law should not gain seats in Parliament – PM16:36 Chairwoman of Kyrgyzstan's Supreme Court holds bilateral meetings with her counterparts from SCO states16:33 PM Sariyev speaks for government structure reforms to make it small and effective16:25 Former Osh mayor excluded from list of candidates for Parliament16:13 Soyuz spacecraft with 3 ISS crew members makes manoeuvre to avoid collision with space junk16:11 Two flights from Moscow to Tajikistan delayed as fire breaks out in Domodedovo Airport16:08 PM Sariyev urges political parties failing to win seats in Parliament not to stir up public16:07 Mongolian Minister of Sports meets President of Chinese Olympic Committee16:00 Confusion and chaos as migrants pour into Budapest train station15:46 Elbegdorj attends Parade for 70th anniversary of Liberation War in China
Astana
+15° C
Ashgabat
+31° C
Bishkek
+17° C
Dushanbe
+24° C
Tashkent
+23° C
exchange rates
 
72.79
64.53
10.19
0.97
272.07
241.15
37.95
3.61
6.85
6.26
1.01
0.12
2710.18
2512.73
405.44
50.01
3.95
3.50
0.55
0.05

© AKIpress News Agency - 2001-2015. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to www.akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75