FOREX TradingCharts.com

Financial News: China's Manufacturing Sector Expands Most Since January 20

China's Manufacturing Sector Expands Most Since January 2011

08/03/2020 - 01:31:00 (RTTNews)

(RTTNews) - China's manufacturing sector expanded at the fastest pace since early 2011 as market conditions continued to recover from the coronavirus outbreak, survey results from IHS Markit showed Monday.

The Caixin manufacturing Purchasing Managers' Index rose to 52.8 in July from 51.2 in June. A score above 50 indicates expansion.

Companies registered the fastest expansions of output and new orders since January 2011 amid reports of firmer customer demand. New business grew at the steepest rate since the start of 2011.

At the same time, new orders from overseas fell at the slowest rate for six months. Increased production led to the strongest rise in purchasing activity since January 2013.

Further, firms maintained a cautious approach to hiring, with staff numbers falling moderately despite an increase in backlogs of work. Inflationary pressures picked up, with firms reporting steeper increases in both input prices and output charges.

Companies were generally confident that output would be higher than current levels in 12 months' time.

Wang Zhe, senior economist at Caixin Insight Group, said "Overall, flare-ups of the epidemic in some regions did not hurt the improving trend of the manufacturing economy, which continued to recover as more epidemic control measures were lifted."

"The supply and demand sides both improved, with relevant indicators maintaining strong momentum. However, we still need to pay attention to the weakness in both employment and overseas demand," the economist said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Finland Jobless Rate Rises In August (30 min(s), 42 sec(s) ago)
(RTTNews) - Finland's jobless rate rose in August, figures from Statistics Finland showed on T ...Full Story»

Dutch Consumer Confidence Improves Slightly In September (01 hr(s), 11 min(s), 42 sec(s) ago)
(RTTNews) - Dutch consumer confidence improved slightly in September, but remained negative, data ...Full Story»

European Economics Preview: Sweden Central Bank Rate Decision Due (03 hr(s), 24 min(s), 42 sec(s) ago)
(RTTNews) - The interest rate announcement from Sweden's central bank is due on Tuesday, headl ...Full Story»

Thai Trade Data Due On Tuesday (37 min(s), 18 sec(s) ago)
(RTTNews) - Thailand will on Tuesday release August figures for imports, exports and trade balance ...Full Story»

South Korea Producer Prices Climb 0.5% In August (31 min(s), 18 sec(s) ago)
(RTTNews) - Producer prices in South Korea were up 0.5 percent on month in August, the Bank of Kor ...Full Story»

Luxembourg Jobless Rate Falls Further (20 min(s), 18 sec(s) ago)
(RTTNews) - Luxembourg's unemployment rate fell for a second straight month in August to its l ...Full Story»

UK Household Finances Continue To Deteriorate In September (36 min(s), 18 sec(s) ago)
(RTTNews) - UK households' perception about the financial well-being showed another sharp fall ...Full Story»

Belgium Consumer Confidence Rebound Strongly To 7-month High (15 min(s), 18 sec(s) ago)
(RTTNews) - Belgium's consumer confidence rebounded strongly in September to its highest level ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Finland Jobless Rate Rises In August

09/22/2020 - 02:56 AM (RTTNews)
(RTTNews) - Finland's jobless rate rose in August, figures from Statistics Finland showed on T ...Full Story>>

Dutch Consumer Confidence Improves Slightly In September

09/22/2020 - 02:15 AM (RTTNews)
(RTTNews) - Dutch consumer confidence improved slightly in September, but remained negative, data ...Full Story>>

European Economics Preview: Sweden Central Bank Rate Decision Due

09/22/2020 - 00:02 AM (RTTNews)
(RTTNews) - The interest rate announcement from Sweden's central bank is due on Tuesday, headl ...Full Story>>

Thai Trade Data Due On Tuesday

09/21/2020 - 18:04 PM (RTTNews)
(RTTNews) - Thailand will on Tuesday release August figures for imports, exports and trade balance ...Full Story>>

South Korea Producer Prices Climb 0.5% In August

09/21/2020 - 17:58 PM (RTTNews)
(RTTNews) - Producer prices in South Korea were up 0.5 percent on month in August, the Bank of Kor ...Full Story>>

Do not sell my personal information

Copyright © 2020. 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.