It seems that black clouds are again over China. The world’s second economy saw its manufacturing activity slow down in April more than expected, raising fears that the highly-anticipated recovery was not strong enough. The drop in the China’s manufacturing PMI in April awoke fears that the slowdown in the China’s economy would also be witnessed in the second quarter.
As it was widely expected, China’s manufacturing activity improved in March adding to signs of the much-anticipated economic recovery in the Asian dragon. Even though China witnessed an expansion in its factory output, analysts expected a bigger increase.
Newest preliminary data showed that China’s manufacturing rebounded moderately in March after the world’s second economy saw its factory activity slump in February due to the timing of the Lunar New Year holiday. The findings were welcomed with a relief as an increase in a key gauge might mean that the China’s economy is after all on the road of recovery. Certainly, all this will help new Premier Li Keqiang to make the China’s economy stand on its feet.
Initial data on China’s manufacturing activity indicated a sharp decrease in February, raising concerns over the recovery of the Asian dragon. The deceleration was driven by weak global demand for China’s exports and the timing of the week-long Lunar New Year holiday. A survey by HSBC and Markit Economics showed that China’s manufacturing expanded at the slowest rate in four months.
According to newest data, China saw its manufacturing PMI slow down in January. The decline in manufacturing activity adds to concerns over the economic recovery of China, not to mention that the slowdown also shows that new leaders will probably face many challenges in the near future.
China’s manufacturing activity surprisingly expanded at the fastest rate in approximately 19 month, according to a key manufacturing index released on the 31st of December. A sub-index for new orders showed that the world’s second economy was on track to recovery, boosting optimism in markets.