久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Forecast-beating PMI data upgrades economic outlook

Xinhua | Updated: 2017-06-30 17:24
Share
Share - WeChat

BEIJING - A leading indicator of China's manufacturing activity on Friday pointed to solid growth in the world's second largest economy, surprising the market.

The country's manufacturing purchasing managers' index (PMI) rose from 51.2 the previous month to 51.7 in June, the second highest reading of the year, according to data released by the National Bureau of Statistics (NBS).

This was the 11th-straight month of expansion, and beat market consensus of 51.

A reading above 50 indicates expansion, while a reading below reflects contraction.

According to Chen Zhongtao, an analyst with China Logistics Information Center, Friday's data was a rare instance of manufacturing expansion quickening in June.

Since 2005, June's manufacturing PMI had only picked up twice, Chen said.

"The surprising rise in PMI showed resilience in the Chinese economy in the context of tightened financial regulation," said Zhang Yiping, an analyst with China Merchants Securities in a research note.

"The strength was a result of both the positive impact of China's supply-side structural reform, and strong exports and imports under the backdrop of global financial coordination," Zhang said.

Sub-indices for production and new orders came in at 54.4 and 53.1, respectively, up from 53.4 and 52.3 the previous month, indicating accelerated growth in both supply and demand.

Notably, indices for production and new orders in the ferrous metal smelting and rolling processing industry jumped significantly in June, suggesting improved supply-demand structure thanks to deepened reforms, said NBS senior statistician Zhao Qinghe.

Both domestic and external demand recovered, with the sub-indices for imports and new export orders standing at 51.2 and 52 respectively, well above 50 and 50.7 in May.

Equipment manufacturing and high-tech manufacturing continued robust growth, with the sub-indices coming in at 53 and 53.6 respectively, suggesting improved industrial structure.

With the sub-indices showing strength in the manufacturing sector, analysts are getting more bullish on the overall economic outlook.

According to Zhang, since China uses the production approach to calculate the growth in gross domestic product (GDP), the PMI sub-index for production could be a good indicator for the upcoming release of second quarter GDP results in July.

In the first quarter, China's GDP expanded 6.9 percent year on year, well above the target of around 6.5 percent for 2017.

"The average sub-index for production in the second quarter was actually even higher than the first quarter, so it is quite possible that the GDP growth could reach 6.8 percent, rather than the market consensus of 6.7 percent," Zhang said.

While the overall picture remains positive, some traditional industries including oil processing and coking as well as the nonmetal mineral products industry still face downward pressure, according to Zhao.

Over 40 percent of surveyed companies reported tight liquidity for the fourth-consecutive month, indicating that financial services should do more to support the real economy, Zhao said.

Also, the gap between supply and demand, especially in industries with high-energy consumption and overcapacity, has widened visibly, a trend that is not conducive to the country's efforts in cutting excess inventories and capacity, said Chen.

Friday's data also showed that China's non-manufacturing PMI came in at 54.9 in June, up from 54.5 in May, adding to signs of a stabilizing Chinese economy.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产深夜福利视频网站在线观看 | 韩国一级黄色大片 | 亚洲国产欧美国产综合一区 | 日本免费人成黄页在线观看视频 | 国自产精品手机在线视频香蕉 | 全部免费毛片免费播放 | 亚洲精品一区二区三区在 | 亚洲第3页 | 色天使色婷婷在线影院亚洲 | 国产精品福利午夜h视频 | 精品少妇一区二区三区视频 | 欧美一级在线全免费 | 国产在线精品一区二区三区 | 久久91综合国产91久久精品 | 久久免费精品 | 日韩一区在线播放 | 女人又黄的视频网站 | 亚州色吧 | 国产一级在线观看 | 欧美一区二区高清 | 亚洲va精品中文字幕动漫 | 一级全黄毛片 | 国产三级国产精品国产普男人 | 91精品最新国内在线播放 | 亚洲欧美视频一区 | 国产欧美一区二区三区免费 | 台湾三级香港三级在线中文 | 国产精品美女一级在线观看 | 日本欧美在线视频 | 亚洲免费精品视频 | 欧美激情一区二区亚洲专区 | 亚洲视频在线观看网站 | 一级毛片在线免费视频 | 久久精品视频在线观看 | 日韩亚洲成a人片在线观看 日韩亚洲精品不卡在线 | 国产在线观看一区二区三区 | 牛人盗摄一区二区三区视频 | 18视频免费网址在线观看 | 欧美乱大交xxxxx在线观看 | 欧美一级做 | 在线看精品 |