久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Manufacturing PMI eases to 53 in Dec

By SHI JING in Shanghai | China Daily | Updated: 2021-01-05 06:45
Share
Share - WeChat
An employee works on the production line of a heavy machinery manufacturing firm in Suining, Sichuan province. LIU CHANGSONG/FOR CHINA DAILY

Expansion in output and total new work orders slower, says survey

Manufacturing activity moderated in December amid slower expansions in output and total new work orders, a private survey of manufacturers said on Monday.

The Caixin China General Manufacturing Purchasing Managers' Index came in at 53 in December. While the latest reading was slightly lower than the November reading of 54.9, which was the highest since November 2010, the December figure still remained in expansionary territory by standing above the benchmark of 50, signaling a solid improvement in the health of China's manufacturing sector, according to the survey.

The Caixin figure mirrors the manufacturing PMI data released by the National Bureau of Statistics on Dec 31, which saw the reading edge down by 0.2 percentage point on a monthly basis to 51.9.

The subindexes for output and total new orders reported positive number for the 10th and seventh consecutive month, according to the Caixin survey. Despite the uncertainty in COVID-19 control in overseas markets, demand for China's exports remained in expansionary territory for the fifth month in a row. A slower increase in production over the past month was the major cause for the slightly contracted December number.

Measurements for inventories showed signs of stable growth. The gauge for quantity of purchases remained positive for the eighth consecutive month and stocks of purchases continued to expand. Inventories fell at intermediaries and investment-goods producers, but rose at consumer-goods makers.

Chinese goods producers generally expect production to be higher than current levels in a year's time amid forecasts of firmer global demand conditions and an end to the COVID-19 pandemic. As a result, the gauge for future output expectations remained comfortably above 50 and slightly higher than the long-term average, said the Caixin survey.

Wang Zhe, a senior economist at Caixin Insight Group, said the negative impact of the pandemic on the domestic economy further subsided in December and resulted in continued recovery of the China's manufacturing industry.

While macroeconomic indicators will be stronger in the next six months given the low bases in the first half of 2020, Wang warned about the mounting pressure on costs due to higher raw material prices and its adverse impact on employment. It is particularly important when it comes to the planned exit from the stimulus policies implemented since the epidemic, he said.

Employment fell into contraction territory in December for the first time since August, showing that recovery in China's private sector still remains "tenuous", said Erin Xin, an economist for HSBC.

"As the private sector accounts for 85 percent of the urban employment, a sustained rebound in the private sector is still needed for a full economic recovery. This means policymakers will likely take a slower approach to tapering easing and are likely to remain accommodative, particularly for small and medium-sized enterprises which have been hit badly by the pandemic," she said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 日韩成人精品日本亚洲 | 一个人看的www日本高清视频 | 狠狠色综合网站久久久久久久 | 免费人成激情视频在线观看冫 | 成人国产一区二区三区精品 | 精品精品国产自在久久高清 | 日本成本人片 | 亚洲第一毛片 | 亚洲一级毛片在线观播放 | 日韩经典在线观看 | 亚洲欧洲一二三区机械有限公司 | 中文字幕乱码在线观看 | 九九色视频在线观看 | 亚洲视频国产精品 | 夜夜爱夜夜爽夜夜做夜夜欢 | 中文字幕亚洲精品日韩精品 | 成人在线观看一区 | 综合在线视频 | 毛片国产 | 日韩中文字幕在线免费观看 | 国产高清精品自在久久 | 成人影视免费 | 97青娱国产盛宴精品视频 | 一区二区精品在线 | 欧美黄色精品 | 国产成人一区二区三区在线视频 | 网站在线看| 米奇888在线播放欧美 | 国产在线不卡视频 | 欧美一级欧美三级在线 | 国产专区中文字幕 | 一区二区三区四区视频在线观看 | 成人高清无遮挡免费视频软件 | 欧美chengren| 99精品久久久久久 | 欧美大尺度免费一级特黄 | 国产精品免费视频能看 | 国产在线观看成人 | 国产精品视频视频久久 | 国产成人精品久久一区二区小说 | 国产在线精品一区二区三区不卡 |