14:41 21-10-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
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
14:35 Kyrgyzstan, Kuwait plan to sign agreement in field of culture14:30 RusHydro needs to expedite work on construction of Kambar-Ata-1 HPP - Russian Federal Council Chair14:27 Seven bodies linked to murder suspect found in Indiana14:26 Asian Para Games: Kyrgyzstani sportsman takes 8th place in powerlifting14:16 Kyrgyzstan receives $2 billion from migrant workers annually14:15 Ashraf Ghani Ahmadzai thanks Tajikistan for its decision to continue supply of electricity to Afghanistan14:07 Foreign Minister Abdyldayev tasks Honorary Consuls abroad to promote Kyrgyzstan's positive image14:00 Duplication of drug information in Braille for people with visual impairment requires up to 225 thousand som per one pharmacy – MP13:51 Kazakh women’s hockey team advances to second round of European Women’s Champion Cup13:35 Speaker of Tajik Senate leaves for Moscow13:25 Kazakhstan establishes diplomatic relations with Mauritius13:23 Special website launched in Kyrgyzstan to improve sanitation and hygiene in schools13:21 Man guilty of fake-girl webcam sex13:11 97% of rural residents in Kyrgyzstan use street pit toilets13:09 Tashkent hosts meeting of Uzbek-Georgian intergovernmental commission12:57 30% of Kyrgyzstan’s schools lack central water supply12:45 Exact number of Kyrgyz citizens fighting on ISIS’ side remains unknown – expert12:41 New cars exempt from mandatory technical inspection in Kazakhstan - law12:32 Kyrgyz Transport Ministry asks ADB to consider possibility of funding of 3rd phase of construction of North-South alternative road12:28 Kyrgyz PMs propose abolishing of extension of pharmaceutical invention patents
Astana
+2° C
Ashgabat
+20° C
Bishkek
+11° C
Dushanbe
+22° C
Tashkent
+17° C
exchange rates
 
70.74
55.46
9.04
1.36
231.50
181.50
29.64
4.43
6.38
4.99
0.82
0.12
3084.28
2367.40
385.74
61.13
3.63
2.85
0.47
0.07

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials 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