FOREX TradingCharts.com

Financial News: China's Private Sector Growth Moderates In December

China's Private Sector Growth Moderates In December

01/05/2020 - 22:50:00 (RTTNews)

(RTTNews) - China's private sector growth moderated at the end of the year as both manufacturing and services logged weaker rates of expansion, survey data from IHS Markit showed Monday.

The Caixin composite Purchasing Managers' Index fell to 52.6 from a 21-month high of 53.2 in November. However, a score above 50 indicates expansion.

The Purchasing Managers' Index for the service sector dropped to 52.5 from a seven-month high of 53.5 a month ago. Manufacturing output rose solidly at the end of the year, despite the rate of increase easing to a three-month low.

New orders received by goods producers grew at the slowest pace in four months, while service companies reported a solid increase in sales that was the fastest since September. Further, new export business at the composite level grew at the slowest rate for three months.

Overall, employment across the manufacturing and service sectors rose only slightly at the end of the fourth quarter.

Further, the survey showed that at the composite level, unfinished workloads increased at a slightly quicker, albeit only slightly.

December data pointed to a further easing in the rate of input price inflation as cost burdens increased at the weakest rate for four months, data showed. Selling prices also advanced at only a fractional pace.

Manufacturing firms based in China were generally optimistic towards the one-year business outlook in December. Meanwhile, the level of optimism expressed by service sector firms edged down to the second-lowest on record.

Looking forward, the phase one trade deal between China and the U.S. should be able to help corporate sentiment recover, Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group said. China's economy is likely to get off to a quick start in 2020, but it will still be constrained by limited demand for the rest of the year.

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


Eurozone Demand For Business Loans Declines In Q4: ECB (54 min(s), 47 sec(s) ago)
(RTTNews) - The net demand for loans from euro area enterprises declined in the fourth quarter for ...Full Story»

German ZEW Economic Sentiment Improves As Trade Tensions Ease (56 min(s), 47 sec(s) ago)
(RTTNews) - German economic confidence strengthened significantly at the start of the year to the ...Full Story»

UK Employment At Record High; Jobless Rate Lowest Since 1970s (01 hr(s), 21 min(s), 47 sec(s) ago)
(RTTNews) - The UK employment rate hit a record high and the jobless rate remained unchanged at th ...Full Story»

Poland Average Gross Wages Rise More Than Expected (02 hr(s), 02 min(s), 47 sec(s) ago)
(RTTNews) - Poland's average gross wages rose more-than-expected in December, data from Statis ...Full Story»

German ZEW Economic Confidence Strongest Since 2015 (02 hr(s), 56 min(s), 47 sec(s) ago)
(RTTNews) - German economic confidence strengthened to the highest level since 2015, survey result ...Full Story»

UK Employment Rate At Record High, Jobless Rate Steady At 3.8% (03 hr(s), 26 min(s), 47 sec(s) ago)
(RTTNews) - The UK employment rate hit a record high and the jobless rate remained unchanged in th ...Full Story»

Hong Kong Inflation Lowest In 7 Months (04 hr(s), 24 min(s), 47 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation eased to the lowest level in seven months in ...Full Story»

Bank Of Japan Leaves Policy Unchanged; Lifts Growth Outlook (10 min(s), 13 sec(s) ago)
(RTTNews) - The Bank of Japan left its monetary policy stimulus unchanged but upgraded its growth ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Eurozone Demand For Business Loans Declines In Q4: ECB

01/21/2020 - 07:39 AM (RTTNews)
(RTTNews) - The net demand for loans from euro area enterprises declined in the fourth quarter for ...Full Story>>

German ZEW Economic Sentiment Improves As Trade Tensions Ease

01/21/2020 - 07:37 AM (RTTNews)
(RTTNews) - German economic confidence strengthened significantly at the start of the year to the ...Full Story>>

UK Employment At Record High; Jobless Rate Lowest Since 1970s

01/21/2020 - 07:12 AM (RTTNews)
(RTTNews) - The UK employment rate hit a record high and the jobless rate remained unchanged at th ...Full Story>>

Poland Average Gross Wages Rise More Than Expected

01/21/2020 - 06:31 AM (RTTNews)
(RTTNews) - Poland's average gross wages rose more-than-expected in December, data from Statis ...Full Story>>

German ZEW Economic Confidence Strongest Since 2015

01/21/2020 - 05:37 AM (RTTNews)
(RTTNews) - German economic confidence strengthened to the highest level since 2015, survey result ...Full Story>>
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.