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: 国产五区 | 久久五月女厕所一区二区 | 精品视频在线免费播放 | 精品免费国产一区二区三区 | mm在线精品视频 | 免费特黄级夫费生活片 | 韩国精品一区二区三区在线观看 | 99激情 | 国产在线观看精品香蕉v区 国产在线观看免费人成小说 | 国产精品毛片天天看片 | 国产偷国产偷亚洲高清午夜 | 亚洲人成免费网站 | 日本aaaa级毛片在线看 | 韩国自拍偷自拍亚洲精品 | 午夜一级毛片不卡 | 2021国产精品自在拍在线播放 | 亚洲精品国产精品国自产网站 | 欧美中文字幕在线看 | 久久国产亚洲欧美日韩精品 | 一级毛片真人不卡免费播 | 成人午夜网 | 香蕉tv亚洲专区在线观看 | 未成人做爰视频www 窝窝午夜精品一区二区 | 国产综合成人久久大片91 | 美国三级毛片 | 亚洲精品国产精品国自产网站 | 亚洲成人综合网站 | 国产日韩线路一线路二 | 国产成人午夜精品影院游乐网 | 成人a毛片手机免费播放 | 波多野结衣在线免费视频 | 看一级毛片国产一级毛片 | 欧美人成在线视频 | 高清国产亚洲va精品 | 杨幂国产精品福利在线观看 | 免费观看毛片视频 | 色久网站| 国产精品久久久久一区二区 | 黄色网址在线免费观看 | 日韩精品中文字幕视频一区 | 国产日韩欧美在线观看播放 |