▲ Up
 
09:13 30-08-2016
MAIN АКИpress CA-News
About us On-line subscription
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Growth in China manufacturing weakens in August

Bishkek (AKIpress) - 473ae78bfdb4d4ee096c5c010b5f9a9f Growth in China's vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed on Thursday, heightening concerns about increasing softness in the economy, Reuters reports.

The tepid reading came as China's economic growth appears to be faltering again, with recent indicators ranging from lending to output and investment all pointing to weakness.

With conditions looking increasingly unsteady, analysts say more stimulus may be needed in coming months to bolster growth and offset the downdraft from the cooling housing market.

The HSBC/Markit Flash China Manufacturing Purchasing Managers' Index (PMI) fell to 50.3 from July's 18-month high of 51.7, missing a Reuters forecast of 51.5.

It was the lowest reading since May, though the PMI stayed above the 50-point level that separates growth in activity from contraction for a third consecutive month.

"Today's data suggest that the economic recovery is still continuing but its momentum has slowed again," said Hongbin Qu, chief economist for China at HSBC.

"We think more policy support is needed to help consolidate the recovery. Both monetary and fiscal policy should remain accommodative until there is a more sustained rebound in economic activity," Qu said.

Losses for most Asian stock markets, including Hong Kong and China, deepened after the PMI survey while the Australian dollar fell. Australia is sensitive to news out of China, its key export market.

A HSBC/Markit sub-index measuring new orders, a gauge of demand at home and abroad, fell to a three-month low of 51.3. The sub-index for output also dropped to a three-month low in August.


Twitterfacebookprint
12:21 21.08.2014
LATEST NEWS
17:00 Kazakhstan debates ban of Salafi movement16:51 Kazakhstan dispatches humanitarian aid to disaster-affected population in Kyrgyzstan16:45 Eurasian Development Bank allocates first tranche of loan to Tajikistan in amount of $20 mln16:36 Public discussions of proposed constitutional amendments to last until Sept 1016:12 August 31 declared public holiday in Kyrgyzstan16:06 Suicide bomber kills 54 in Yemen attack: health ministry16:05 Families of Moscow fire victims to receive 1 million soms from Parliament Speaker's Fund16:03 Islam Karimov in intensive care unit due to brain hemorrhage, his daughter says15:59 President Atambayev orders to suppress attempts to use arising border problems for political gains15:47 Bishkek authorities, UNHCR review progress of joint project on registration of stateless persons15:44 Uzbekistan launches first passenger train Tashkent-Andijan through Kamchik pass15:20 State Committee for Industry, Energy and Mining of Kyrgyzstan proposes Japan to implement Upper Naryn Cascade HPPs and Kambar-Ata-HPP-1 projects15:08 Action at Bishkek's central square to popularize national clothing15:01 65 yo Jalal-Abad man to walk 290 km from Toktogul to Bishkek15:01 New building of State Drug Control Service unveiled in Osh14:59 Head of Union of Journalists of Kazakhstan Matayev hospitalized again14:51 President Atambayev hands over keys to new apartments to Kyrgyzstan's military14:47 Defendant sews his mouth, announcing hunger strike and demanding fair trial14:40 Suicide bomber strikes wedding in Iraq, kills 1514:39 Criminal probe launched into kidnapping of Kyrgyz radio relay station's workers
Astana
+16° C
Ashgabat
+37° C
Bishkek
+28° C
Dushanbe
+27° C
Tashkent
+31° C
Ulaanbaatar
+19° C
exchange rates
 
77.65
68.79
10.31
1.06
382.46
338.73
50.79
5.23
6.85
6.26
1.01
0.12
3286.53
2888.39
446.81
42.81
3.92
3.50
0.52
0.05

© AKIpress News Agency - 2001-2016. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75