www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

chinadaily.com.cn
left corner left corner
China Daily Website

Output growth hits 4-month low, says HSBC

Updated: 2013-02-26 10:14
By Chen Jia in Beijing and Xie Yu in Shanghai ( China Daily)

Output growth hits 4-month low, says HSBC

Workers manufacture baby strollers at a company in Zaozhuang, Shandong province. The HSBC flash purchasing managers' index for February slipped to 50.4, the lowest in four months. [Photo / China Daily]

China's manufacturing production growth hit a four-month low in February, dented by the Chinese New Year holiday and continued weakness in external demand, banking giant HSBC Holdings Plc said on Monday.

A prediction saw the manufacturing Purchasing Managers' Index retreat to 50.4 in February from 52.3 in January, but still showing the sector was expanding, HSBC said.

A reading above 50 indicates expansion and it was the fourth consecutive month of growth, after 12 months of contraction.

"It means the underlying strength of China's recovery remains intact, as indicated by still-rising employment and the recent pickup of credit growth," said Qu Hongbin, HSBC's chief economist for China and co-head of Asian economic research.

The preliminary reading was released by the bank a week before the official data by the National Bureau of Statistics, and is the earliest available indicator of conditions in the manufacturing industry.

The moderation in HSBC's PMI prediction was mainly led by weaker growth in new orders, with the relevant sub-index declining to 51.2 in February from January's 53.7, the lowest level for three-months.

Another sub-index showed new export orders fell to 49.8 this month, compared with 50.5 a month earlier, and indicating that exports have turned to contraction from modest growth, according to HSBC.

Output growth hits 4-month low, says HSBC

Sun Yingli, general manager of Shanghai Manlang Textile Co, a garment manufacturer relying mainly on orders from Europe and Japan, said: "Actually, orders have grown this year, maybe due to economic recovery in overseas markets, but costs are surging and we have had to give up some orders to keep the profit margin."

Sun said prices for 90 percent of raw materials are rising, in addition to higher labor costs.

"Everything - thread, yarn, dyes - has become more expensive. We can do nothing but shrink the production scale to survive," she said.

Qu said that over the past three years, the average moderation of the PMI during the Chinese New Year months was 1.4 points, during which most manufacturing production takes a week's break.

He said the manufacturing sector remains optimistic, suggested by the continuous expansion of raw material purchases.

"More importantly, robust labor market conditions should provide additional support to continued consumer spending growth in coming months."

Find more in

Output growth hits 4-month low, says HSBC

Previous Page 1 2 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 亚洲欧洲国产视频 | 国产热久久精 | 精品午夜一区二区三区在线观看 | 伊人狼人综合 | 老少配性xxxxxx | 欧美成人综合在线观看视频 | 91精品免费久久久久久久久 | 欧美成人aa| 八戒午夜精品视频在线观看 | 日本久久伊人 | 在线精品视频在线观看高清 | 久久手机精品视频 | 波多野结衣在线观看一区二区三区 | 久久国产精品无码网站 | 中文字幕一二三区 | 国产高清在线不卡 | 久久久久久久久久久视频国内精品视频 | 日韩精品免费视频 | 国产精品一区在线免费观看 | 欧美另类交视频 | 国产精品久久久久久福利 | 国产91无套剧情在线播放 | 国产一级第一级毛片 | 97se狠狠狠狠狠亚洲综合网 | 亚洲精品在线影院 | 久久精品网站免费观看 | 亚洲视频观看 | 亚洲精品视频在线看 | 美女视频黄a全部免费专区一 | 亚洲国产精品久久日 | 欧美久草 | 欧美一级高清免费播放 | 在线免费观看亚洲视频 | 欧美毛片aaa激情 | 久久久成人影院 | 欧美人禽杂交狂配毛片 | 性欧美巨大的视频 | 亚洲 欧美 精品 | 一区二区在线欧美日韩中文 | 特级做a爰片毛片免费看 | 亚洲欧美精选 |