The newest findings showed that China’s factory output contracted in May, strengthening concerns over world’s second economy growth. The contraction, which was driven by anemic export orders and weak domestic demand, indicated that China was losing its stem in the second quarter of the year. But what is interesting is the fact that HSBC data showed a more pessimistic picture of the China’s economy as official figures indicated that manufacturing rose in May.
Apparently, signs of the China’s economic recovery are weakening as the latest flash manufacturing PMI showed that factory activity slumped significantly in May. Data released by HSBC Holdings Plc indicated that the economic growth of the world’s second economy was visibly slackening in the second quarter of the year. It seems that bad days are gathering over China’s manufacturing.
China’s manufacturing activity for April certainly embittered analysts and markets as the preliminary reading showed that the factory activity expanded at a slower pace than initially expected, adding to signs that the world’s second economy was slowing down. There are still many various obstacles ahead of China which is trying to get back on the growth track.
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.
On the 1st of March, the National Bureau of Statistics released its data showing that the China’s manufacturing sector slowed down in February. The slower-than-expected expansion suggests that the China’s economic recovery might be losing its momentum. Data showed that the significant gauge dropped to 50.1 in February from 50.4 in January.
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.
On the 14th of December, HSBC Holding Plc informed that the initial China manufacturing grew to 50.9 in December. The results of the HSBC survey show that the world’s second economy is on the track to recovery despite the fact that the country is facing external weaknesses. The growth, which was seen in new orders and employment, means that China may expect better days. In addition, the China PMI suggests that the country will be able to resist an evident slowdown in exports.