国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Macro

Caixin flash PMI hits 78-month low in September

(Xinhua) Updated: 2015-09-23 10:27

Caixin flash PMI hits 78-month low in September

Workers assemble engines at a factory in Weifang, Shandong province. [Photo by Wang Jilin / China Daily]

BEIJING -- The Caixin flash China general manufacturing PMI plunged to a 78-month low of 47.0 in September from 47.3 in August, suggesting continued downward pressure facing the world's second largest economy, a preliminary Caixin survey showed on Wednesday.

The sub-index on manufacturing output retreated to a 78-month low of 45.7 in September from 46.4 in August, according to the survey of Caixin Media Co Ltd.

"The decline indicates the nation's manufacturing industry has reached a crucial stage in the structural transformation process. Overall, the fundamentals are good," said Dr. He Fan, chief economist at Caixin Insight Group.

He pointed out that weakening factory activity is tied to previous changes in factors related to external demand and prices.

The flash index is published on a monthly basis ahead of final PMI data, making it the earliest available indicator of manufacturing conditions in China.

The estimate is based on approximately 85 to 90 percent of total PMI survey responses from over 420 manufacturing companies each month and is designed to provide an indication of the final PMI. The final PMI for September will be released on Oct 1.

The data showed considerable headwinds to growth from soft global demand and the index's focus on export-oriented sectors had been the biggest reason behind its decline in recent months, given the heavy export-related component in the overall order book, according to Qu Hongbin, Chief China Economist at HSBC.

Market sentiment was dampened by the poor flash PMI reading with the benchmark Shanghai Composite Index plunging over 2 percent by mid-day.

China's economy, a key driver of global growth, expanded 7.4 percent last year, the weakest since 1990, and has slowed further this year, growing 7 percent in each of the first two quarters.

China's value-added industrial output expanded 6.1 percent year on year in August, according to the National Bureau of Statistics (NBS). The growth rate was up slightly from 6 percent in July, but still fell short of market expectations.

The decline in output growth ended a steady recovery trend recorded in the second quarter of this year.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
自治县| 城市| 深水埗区| 曲阳县| 文安县| 延川县| 呈贡县| 松滋市| 东丰县| 海晏县| 商丘市| 右玉县| 合江县| 金华市| 陕西省| 临朐县| 阿图什市| 简阳市| 新昌县| 吉木乃县| 海丰县| 邯郸县| 慈利县| 阿勒泰市| 宾阳县| 井陉县| 济阳县| 洱源县| 泰兴市| 绵阳市| 司法| 新余市| 中江县| 芷江| 扬州市| 金川县| 中西区| 云和县| 肇庆市| 思茅市| 台南县|