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: 男女免费爽爽爽在线视频 | 在线一区二区观看 | 国产成人亚洲精品老王 | 国产精品久久亚洲一区二区 | 亚洲国产精品一区二区三区 | 亚洲国产福利精品一区二区 | 日韩精品一区二区三区 在线观看 | 国内视频自拍 | 日韩在线视频不卡一区二区三区 | 欧美xxxxx毛片| 国产午夜亚洲精品第一区 | 国产年成美女网站视频免费看 | 米奇777色狠狠8888影视 | 一区二区三区中文字幕 | 国内精品91久久久久 | 伊人热久久 | 成人毛片免费 | 俺来也俺来也天天夜夜视频 | 完全免费在线视频 | 九九久久精品这里久久网 | 成人在线观看午夜 | 欧美视频在线观看免费精品欧美视频 | 最新精品亚洲成a人在线观看 | 欧美大片一区二区三区 | 久久免费国产视频 | 91影视永久福利免费观看 | 99看视频| 免费成年人在线视频 | 男人扒开双腿女人爽视频免费 | 欧美日韩一区二区三区四区在线观看 | 久久视频这里只精品3国产 久久视频这里只有精品 | 91视频站| 久久亚洲精品中文字幕三区 | 成人免费福利网站在线看 | 久久成年人视频 | 国产91会所洗浴女技师按摩 | 精品国产成人综合久久小说 | 久久一区二区三区99 | 亚洲国产福利精品一区二区 | 成人免费视频在线看 | 亚洲国产成人va在线观看网址 |