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

US EUROPE AFRICA ASIA 中文
Business / Macro

Output growth hits 4-month low, says HSBC

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

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

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲综合成人在线 | 一级特黄特黄的大片免费 | 老司机精品福利视频 | 免费欧美一级 | 女人张开腿让男人捅视频 | 国产成人免费在线观看 | 国产亚洲精品2021自在线 | 久久精品a| a级特黄毛片免费观看 | 91人成亚洲高清在线观看 | 九九手机视频 | 99久久精品免费看国产 | 国产精品网址 | 亚洲天堂久久精品 | 高跟丝袜美女一级毛片 | 久久99国产亚洲高清观看首页 | 成年人国产视频 | 久久综合狠狠综合狠狠 | 男女午夜爱爱久久无遮挡 | 欧美成人久久 | 成人a毛片久久免费播放 | 日本人一级毛片视频 | 欧美精品99 | 国产精品亲子乱子伦xxxx裸 | 国产亚洲三级 | 亚洲综合伦理一区 | 欧美乱爱| 精品国产自 | 毛片在线视频观看 | 日韩精品麻豆 | 欧美成人精品动漫在线专区 | 手机看片自拍自自拍日韩免费 | 国产欧美视频一区二区三区 | 91情侣在线偷精品国产 | 国内精品久久久久久久久 | 亚洲黄色性视频 | 日韩成人毛片高清视频免费看 | 九九99久麻豆精品视传媒 | 日韩国产欧美一区二区三区在线 | 欧美大胆a| 国产欧美网站 |