FOREX TradingCharts.com

Financial News: Coronavirus Sends China Manufacturing PMI Tumbling

Coronavirus Sends China Manufacturing PMI Tumbling

03/01/2020 - 21:16:00 (RTTNews)

(RTTNews) - The manufacturing sector in China fell deeply into contraction in February, the latest survey from Caixin revealed on Monday with a manufacturing PMI score of 40.3.

That's down sharply from 51.1 in January and it falls firmly beneath the boom-or-bust line of 50 that separates expansion from contraction.

With factories shutting down in an effort to battle the rampant coronavirus, the February score is the lowest on record since the survey began in 2004.

Individually, there were record falls in output, new orders and employment, while travel restrictions have led to a sharp deterioration of supply chains. Business confidence was up, however, on the hopes of a rebound.

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


S&P Lowers Australia's Rating Outlook To Negative (59 min(s), 04 sec(s) ago)
(RTTNews) - S&P Global Ratings revised the outlook on Australia's rating outlook to negati ...Full Story»

Philippine Trade Deficit Narrows In February (56 min(s), 04 sec(s) ago)
(RTTNews) - The Philippine trade deficit declined in February from last year as exports rose and i ...Full Story»

Japan Feb. Core Machine Orders Climb 2.3% (28 min(s), 04 sec(s) ago)
(RTTNews) - Core machine orders in Japan rose a seasonally adjusted 2.3 percent on month in Februa ...Full Story»

Japan Has Y3,168.8 Billion Current Account Surplus In February (03 min(s), 04 sec(s) ago)
(RTTNews) - Japan had a current account surplus of 3,168.8 billion yen in February, the Ministry o ...Full Story»

Japan Core Machine Orders Rise 2.3% In February (53 min(s), 04 sec(s) ago)
(RTTNews) - Core machine orders in Japan were up a seasonally adjusted 2.3 percent on month in Feb ...Full Story»

Japan Core Machine Order Data Due On Wednesday (43 min(s), 04 sec(s) ago)
(RTTNews) - Japan will on Wednesday release February figures for core machine orders and current a ...Full Story»

U.S. Consumer Credit Jumps More Than Expected In February (07 min(s), 04 sec(s) ago)
(RTTNews) - Consumer credit in the U.S. jumped much more than expected in the month of February, a ...Full Story»

UK Labor Productivity Rises In Q4 (29 min(s), 04 sec(s) ago)
(RTTNews) - UK labor productivity increased for the second straight time in the fourth quarter of ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

S&P Lowers Australia's Rating Outlook To Negative

04/07/2020 - 23:16 PM (RTTNews)
(RTTNews) - S&P Global Ratings revised the outlook on Australia's rating outlook to negati ...Full Story>>

Philippine Trade Deficit Narrows In February

04/07/2020 - 23:13 PM (RTTNews)
(RTTNews) - The Philippine trade deficit declined in February from last year as exports rose and i ...Full Story>>

Japan Feb. Core Machine Orders Climb 2.3%

04/07/2020 - 20:45 PM (RTTNews)
(RTTNews) - Core machine orders in Japan rose a seasonally adjusted 2.3 percent on month in Februa ...Full Story>>

Japan Has Y3,168.8 Billion Current Account Surplus In February

04/07/2020 - 20:20 PM (RTTNews)
(RTTNews) - Japan had a current account surplus of 3,168.8 billion yen in February, the Ministry o ...Full Story>>

Japan Core Machine Orders Rise 2.3% In February

04/07/2020 - 20:10 PM (RTTNews)
(RTTNews) - Core machine orders in Japan were up a seasonally adjusted 2.3 percent on month in Feb ...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.