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

Make me your Homepage
left corner left corner
China Daily Website

October PMI 'signals growth momentum'

Updated: 2013-11-01 23:16
By CHEN JIA ( China Daily)

Economic indicator increases from stronger output, rise in new orders

Manufacturing activity hit an 18-month high in October, a development that analysts said showed a consolidation of economic growth momentum for the fourth quarter.

The official manufacturing Purchasing Managers' Index rose to 51.4 in October from 51.1 in September, the fourth monthly gain in a row, the National Bureau of Statistics and the China Federation of Logistics and Purchasing said on Friday.

Stronger output and a continued increase in new orders combined to lift the PMI.

New export orders also continued to grow but at a modest pace, according to the statistics.

Zhu Haibin, chief economist at JPMorgan Chase & Co, said that the latest PMI reading was evidence of "solid" momentum for economic activity in the near term, providing a favorable backdrop for policies to focus on structural reform.

In October, the PMI for large manufacturers climbed to 52.3 from 52.1 in September, the 14th consecutive month that it held above 50. A PMI reading above 50 means expansion, while one below 50 indicates contraction.

The medium-sized enterprises' PMI climbed to 50.2 from 49.7, rising above 50 for the first time in five months. But the figure for small businesses declined to 48.5 from 48.8.

"It seems that the recovery is still mainly confined to large and medium-sized enterprises, while small enterprises still face a challenging environment," said Zhu.

A separate survey by HSBC Holdings Plc, which is more focused on small companies, yielded a manufacturing PMI of 50.9 in October, up from 50.2 in September. That was the strongest improvement for manufacturers' operating conditions in seven months.

"China is on track for a gradual growth recovery," said Qu Hongbin, chief economist in China at HSBC.

He said that the momentum for manufacturing growth in October led to the first expansion of employment since March, which in turn should support private consumption growth in the coming months.

Chen Gufei, an analyst at the financial research center of Bank of Communications, noted signs that industrial enterprises' investment plans are expanding. Production is also likely to continue expanding, Chen said.

"In the coming months, production by domestic manufacturers will maintain steady growth," he said.

However, Chen expressed concern about the moderate growth in new export orders, which might suggest weaker external demand in the fourth quarter.

The steady expansion of industrial output since July has supported the world's second-largest economy, with GDP growth rebounding to 7.8 percent in the third quarter from 7.5 percent in the second quarter and 7.7 percent in the first.

The government maintained a proactive fiscal policy and prudent monetary policy even when the pressure on economic growth increased in the first half.

8.03K
 
...
...
...
主站蜘蛛池模板: 国产成人亚洲合集青青草原精品 | 99在线视频播放 | 毛片毛片毛是个毛毛片 | 色综合久久88一加勒比 | 久久爱一区 | 国产亚洲视频在线播放大全 | 欧美日韩 国产区 在线观看 | 成视频年人黄网站免费 | 毛片在线播放网址 | 成人免费午夜性视频 | 成人毛片免费免费 | 久久国产精品久久 | 精品一区二区三区亚洲 | 国产麻豆福利a v在线播放 | 久久国产精品一区二区三区 | 欧美性videofree精品 | 亚洲 午夜在线一区 | 国产欧美一区二区三区免费 | 久久极品视频 | 国产精品成人在线播放 | 欧美一级视频 | 亚洲成人在线免费 | 日韩a级 | 写真片福利视频在线播放 | 亚州精品一区二区三区 | 欧美极品欧美精品欧美视频 | 亚洲精品区在线播放一区二区 | 欧美一级片a | 毛片在线免费视频 | 中文字幕一区二区精品区 | 97在线观看成人免费视频 | 日韩欧美一区二区在线 | 日韩免费在线 | 成人在线网址 | 成人免费真人毛片视频 | 久久er视频| 中国国产成人精品久久 | 一级毛片日韩a欧美 | 国产精品亚洲二区 | 欧美在线黄色 | 久久88|