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

China's June manufacturing PMI falls to 50.1

(Xinhua) Updated: 2013-07-01 09:49

China's June manufacturing PMI falls to 50.1

BEIJING?-- The purchasing managers' index (PMI) for the manufacturing sector fell to 50.1 percent in June from 50.8 percent in May, according to data issued by the China Federation of Logistics and Purchasing (CFLP) on Monday.

The PMI stayed above 50 percent for the ninth consecutive month in June.

A PMI reading greater than 50 indicates expansion, while a reading below 50 indicates contraction.

Major PMI compounds all declined in June, indicating downward pressure on the economy, said Zhang Liqun, an analyst with the Development Research Center of the State Council.

But Zhang also added that economic growth is still in a process of stabilizing. Inventories have reached a historically low level, suggesting limited room for further decreases, he said.

Investment and consumption remained generally stable in the first five months of the year and the actual export growth rate did not see a significant fall, Zhang explained, adding that policies targeting stable growth will gradually take effect.

In June, the sub-index for production moved down from 53.3 percent in May to reach 52.0 percent, while the sub-index for new orders lost 1.4 percentage points to hit 50.4 percent, according to a joint statement from CFLP and the National Bureau of Statistics.

The sub-index for raw material inventories was down 0.2 percentage points from the previous month to 47.4 percent in June, marking the fifth consecutive month of shrinking stocks.

The sub-index for the purchase prices of raw materials lost 0.5 percentage points to reach 44.6 percent in June, staying below the 50-percent demarcation line for a third consecutive month.

The data also showed that the employment sub-index for June pared 0.1 percentage points to 48.7 percent, indicating job cuts, while the sub-index for supplier delivery times moved down 0.5 percentage points to 50.3 percent.

On Monday, British bank HSBC also released its final PMI reading for the manufacturing sector, dropping to 48.2 from May's reading of 49.2 and hitting a nine-month low.

HSBC's PMI reading, which focuses more on small and medium-sized manufacturers, showed that the sector's production shrank for the first time in eight months.

Qu Hongbin, chief economist at HSBC China, said China's manufacturing activity was weighed down by declining orders and climbing inventories.

HSBC cut its forecast for China's GDP growth this year to 7.4 percent in mid-June, down from its previous forecast of 8.2 percent.

Recent tight liquidity in China's interbank market has also added to concerns regarding China's growth momentum.

The cash crunch may result in a contraction in commercial banks' off-balance sheet business, worsening financing conditions for small and medium-sized enterprises, according to Qu.

Qu said slower economic growth will continue over the next few months, as a government stimulus plan is unlikely.

But there is little risk for a hard landing, as the government has moved to reduce financial risks and stabilize the employment market, according to Qu.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久精品国产欧美成人 | 特黄日韩免费一区二区三区 | 日本一级做人免费视频 | 欧美性猛交xxxx免费看手交 | 萌白酱香蕉白丝护士服喷浆 | 久久爱青青草 | 欧美日韩一日韩一线不卡 | a级成人毛片免费视频高清 a级高清观看视频在线看 | 亚洲精品国产福利一区二区三区 | a级国产乱理伦片在线观看99 | 一级a毛片免费观看 | 亚洲超大尺度激情啪啪人体 | 久久国产精品自线拍免费 | 国产成人亚洲精品一区二区在线看 | 亚洲 自拍 欧美 综合 | 日本网址在线观看 | 国产一级毛片视频在线! | 国产精品反差婊在线观看 | 久久99精品免费视频 | 成人午夜兔费观看网站 | 亚洲欧美日韩中文字幕在线一区 | 色妇女影院 | 免费一级毛片在线观看 | 一级片成人| 午夜视频在线观看一区 | 欧美午夜在线观看理论片 | 欧美影院网站视频观看 | 美女美女大片黄a大片 | 久久黄网站 | 亚洲精品午夜在线观看 | 毛片久久 | 米奇精品一区二区三区 | 在线播放成人高清免费视频 | 亚洲在线免费观看 | 香港三级88久久经典 | 91精品国产91热久久久久福利 | 国产在线91精品 | 亚洲一区二区免费看 | 一本色道久久88加勒比—综合 | 国产主播福利精品一区二区 | 久久精品视频2 |