FOREX TradingCharts.com

Financial News: China Manufacturing Sector Sinks Into Contraction - Caixin

China Manufacturing Sector Sinks Into Contraction - Caixin

08/31/2021 - 21:55:00 (RTTNews)

(RTTNews) - The manufacturing sector in China fell into contraction in August, the latest survey from Caixin revealed on Wednesday with a manufacturing PMI score of 49.2.

That missed expectations for a score of 50.2 and was down from 50.3 in July.

It also drops beneath the boom-or-bust line of 50 that separates expansion from contraction.

Panelists said the resurgence of the COVID-19 virus at home and abroad had weighed on the sector's performance. Restrictions to contain the virus also impacted supplier performance, which deteriorated solidly, while shortages led to steeper rises in cost burdens and prices charged. At the same time, subdued market demand led firms to trim their purchasing activity and payroll numbers slightly.

Chinese goods producers recorded the first fall in output since February 2020 in August. Survey respondents frequently mentioned that the recent uptick in COVID-19 cases and subsequent restrictions had impacted production, dampened demand and led to greater difficulties sourcing inputs.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Singapore Inflation Slows Slightly In August (17 min(s), 26 sec(s) ago)
(RTTNews) - Singapore consumer price inflation moderated slightly in August reflecting lower priva ...Full Story»

European Economics Preview: BoE, SNB Policy Announcements Due (01 hr(s), 30 min(s), 26 sec(s) ago)
(RTTNews) - Monetary policy announcements from the Bank of England and the Swiss National Bank are ...Full Story»

Brazil Central Bank Lifts Key Rate By 100 Bps; Signals Another Hike Next Month (01 hr(s), 30 min(s), 26 sec(s) ago)
(RTTNews) - Brazil's central bank raised its key interest rates by 100 basis points on Wednesd ...Full Story»

Australia Manufacturing PMI Jumps To 57.3 In September - Markit (34 min(s), 34 sec(s) ago)
(RTTNews) - The manufacturing sector in Australia continued to expand in September, and at a faste ...Full Story»

Australia PMI Data On Tap For Thursday (24 min(s), 34 sec(s) ago)
(RTTNews) - Australia will on Thursday release September PMI data from Markit Economics, highlight ...Full Story»

Fed Says Tapering Asset Purchases May Be Warranted 'Soon' (53 min(s), 34 sec(s) ago)
(RTTNews) - Citing progress towards it goals of maximum employment and price stability, the Federa ...Full Story»

Eurozone Consumer Confidence Improves In September (03 min(s), 34 sec(s) ago)
(RTTNews) - Euro area consumer confidence improved in September for the first time in three months ...Full Story»

U.S. Existing Home Sales Pull Back Slightly More Than Expected In August (13 min(s), 34 sec(s) ago)
(RTTNews) - The National Association of Realtors released a report on Wednesday showing a pullback ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Singapore Inflation Slows Slightly In August

09/23/2021 - 01:18 AM (RTTNews)
(RTTNews) - Singapore consumer price inflation moderated slightly in August reflecting lower priva ...Full Story>>

Brazil Central Bank Lifts Key Rate By 100 Bps; Signals Another Hike Next Month

09/23/2021 - 00:05 AM (RTTNews)
(RTTNews) - Brazil's central bank raised its key interest rates by 100 basis points on Wednesd ...Full Story>>

European Economics Preview: BoE, SNB Policy Announcements Due

09/23/2021 - 00:05 AM (RTTNews)
(RTTNews) - Monetary policy announcements from the Bank of England and the Swiss National Bank are ...Full Story>>

Australia Manufacturing PMI Jumps To 57.3 In September - Markit

09/22/2021 - 19:10 PM (RTTNews)
(RTTNews) - The manufacturing sector in Australia continued to expand in September, and at a faste ...Full Story>>

Australia PMI Data On Tap For Thursday

09/22/2021 - 18:00 PM (RTTNews)
(RTTNews) - Australia will on Thursday release September PMI data from Markit Economics, highlight ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.