FOREX TradingCharts.com

Financial News: China's Manufacturing Activity Strengthens On New Orders

China's Manufacturing Activity Strengthens On New Orders

09/01/2017 - 01:41:00 (RTTNews)

(RTTNews) - China's manufacturing activity expanded at a faster pace in August on new orders, survey results from IHS Markit showed Friday.

The Caixin Purchasing Managers' Index rose to 51.6 in August from 51.1 in July. The score was forecast to drop to 51.0.

The manufacturing sector has strengthened in each of the past three months, with the latest upturn the strongest since February.

New work placed at manufacturers increased at the fastest pace seen for 37 months. A broad-based upturn in foreign demand was cited as a key driver of new order growth.

Sustained growth in new orders led firms to expand their production schedules again in August. Furthermore, the rate of growth was little changed from July's five-month high.

At the same time, staff numbers continued on a downward trend in August.

A combination of lower employment and rising new work led to a further increase in outstanding business in August, data showed.

Average input costs rose to the greatest extent in five months in August. Consequently, output prices rose at a solid pace that was the fastest in 2017 to date.

The official factory PMI came in at 51.7 in August versus 51.4 in July, data showed Thursday.

It is speculation over future capacity cuts that has pushed up metal prices and industrial production, rather than stronger underlying demand, Julian Evans-Pritchard at Capital Economics, said.

The economist observed that the current strength of industrial activity can't be sustained for long.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Has Y113.642 Billion Trade Surplus (05 min(s), 44 sec(s) ago)
(RTTNews) - Japan had a merchandise trade surplus of 113.642 billion yen in August, the Ministry o ...Full Story»

BRAZIL: Ibovespa Closes Almost Stable Amid Profit-taking And Vale's Drop (12 min(s), 44 sec(s) ago)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, fell 0.02% Tuesday, closing at 75,974.1 ...Full Story»

New Zealand Q2 Current Account Deficit NZ$1.598 Billion (35 min(s), 44 sec(s) ago)
(RTTNews) - New Zealand posted a seasonally adjusted current account deficit of NZ$1.598 billion i ...Full Story»

ARGENTINA: Merval Rises 1.31% On Gas Shares (47 min(s), 44 sec(s) ago)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, rose 1.31% Tuesday, closing ...Full Story»

COLOMBIA: Colcap Drops 0.09% On Bancolombia's Poor Performance (57 min(s), 44 sec(s) ago)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.09% Tuesday, closing at ...Full Story»

New Zealand Has NZ$1.598 Billion Current Account Deficit (01 hr(s), 05 min(s), 44 sec(s) ago)
(RTTNews) - New Zealand had a seasonally adjusted current account deficit of NZ$1.598 billion in t ...Full Story»

VENEZUELA: PDVSA And Repsol Reaffirm Strategic Alliance Commitment (01 hr(s), 20 min(s), 44 sec(s) ago)
(RTTNews) - The Venezuelan state-owned oil company PDVSA and Spain's Repsol reaffirmed their c ...Full Story»

PERU: Fitch Confirms Investment Grade At BBB (01 hr(s), 52 min(s), 44 sec(s) ago)
(RTTNews) - Fitch Ratings affirmed Peru's long-term investment grade rating in foreign currenc ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Has Y113.642 Billion Trade Surplus

09/19/2017 - 20:16 PM (RTTNews)
(RTTNews) - Japan had a merchandise trade surplus of 113.642 billion yen in August, the Ministry o ...Full Story>>

BRAZIL: Ibovespa Closes Almost Stable Amid Profit-taking And Vale's Drop

09/19/2017 - 20:09 PM (RTTNews)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, fell 0.02% Tuesday, closing at 75,974.1 ...Full Story>>

New Zealand Q2 Current Account Deficit NZ$1.598 Billion

09/19/2017 - 19:46 PM (RTTNews)
(RTTNews) - New Zealand posted a seasonally adjusted current account deficit of NZ$1.598 billion i ...Full Story>>

ARGENTINA: Merval Rises 1.31% On Gas Shares

09/19/2017 - 19:34 PM (RTTNews)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, rose 1.31% Tuesday, closing ...Full Story>>

COLOMBIA: Colcap Drops 0.09% On Bancolombia's Poor Performance

09/19/2017 - 19:24 PM (RTTNews)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.09% Tuesday, closing at ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.