日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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: 国产免费av网站 | 夜夜撸网站 | 999精品| 黄色av免费| 久久精品超碰 | 国产久草视频 | 久久久精品在线 | av一级免费| 精品久久一 | 欧美黄色免费视频 | 亚洲色图3p | 奶波霸巨乳一二三区乳 | 黄色av一级片 | 亚州综合 | 久久久久久久久网站 | 日本少妇aaa | 日韩不卡免费 | 你懂的在线免费观看 | 2020中文字幕 | 超碰老司机 | 污污的视频在线免费观看 | 国产激情在线视频 | 亚洲成人精品一区二区三区 | 自拍偷拍视频在线观看 | 91精品亚洲 | 天天干视频 | 日韩高清在线观看 | 日韩精品欧美激情 | 亚洲成年人在线观看 | 天堂成人网 | 黄色大片视频网站 | 日韩三级一区二区三区 | 鲁大师2在线观看免费播放高清 | 免费欧美一级 | 国产一二区视频 | 色呦呦视频在线观看 | 国产精品国产一区二区三区四区 | 亚洲福利社 | 丁香在线 | jzzijzzij亚洲成熟少妇 | 国产精品一区在线免费观看 |