Quantcast
Latest Stories

China manufacturing activity strengthens in August



In this Nov. 27, 2008 file photo, a worker is seen at a Sinopec oil refinery in Wuhan, in central China’s Hubei province. AP

BEIJING – China’s manufacturing activity strengthened in August, official figures showed Sunday, the latest data to suggest that the world’s second-largest economy is stabilizing.

The official purchasing managers’ index (PMI) rose to 51.0 last month from 50.3 in July, according to figures released by the National Bureau of Statistics.

The index tracks manufacturing activity in China’s factories and workshops and is a closely watched gauge of the health of the economy. A reading below 50 indicates contraction, while anything above signals expansion.

The PMI strengthened for the second straight month and comes as other recent data have spurred optimism a slowdown in the economy may have been stemmed.

The first half of this year saw a spike in analyst concerns after an expected rebound from the worst growth performance in 13 years failed to materialize.

China’s economy grew 7.8 percent in 2012, the weakest result since 1999.

Growth in the first three months of the year dipped to 7.7 percent from 7.9 percent in the final quarter of last year and slowed further to 7.5 percent in the three months through June.

British banking giant HSBC said last month that the initial reading of its PMI survey for August came in at 50.1, rebounding from an 11-month low and marking the first time since April the indicator had expanded.

HSBC was due to release its closely watched final PMI index for August on Monday.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , China , manufacturing , world

  • Hellomr

    It is expected to free fall due to weak foundation …

    • Kaizensigma

      you meant the phil economy is based on vooo doo weak foundation…..stock market fueled by and dependent on USA Fed Reserve QE monetary of cheap interest rates, 7% 1st and 2nd quarter GDP due to hot money flowing in from parked foreign exchanges in swiss bank and USA accounts to support the election, dependency on OFW foreign exchange remittance whose unskiill jobs are being replaced by lower costs workers from other 3rd world nations, an economy that could not produce jobs that many are seeking jobs overseas, a real estate condominium boom fueled by speculation and dependency on foreign exchange remittance, a economy where few jobs are created, small manufacturing and highly technical industrial base, peace and order issues, an active insurgency of the poor and disenfranchised and secessionist movement from its restive muslim minority, rampant endemic corruptions, has one of the highest public and private sector debt, a currency that is weakening, a city that is labeled the gates of hell and the nation still considered as the sick man of asia….so you are right , the phil economy is expected to be on a free fall due to weak “fundamental” foundation.

      • ghzoc

        As if none of that is happening in China lol



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Ukraine FM: We are ready to fight Russia
  • Slain officer’s ‘diagram’ rocks PNP
  • 2 contractors fined P25,000 for delays in Edsa rehab
  • Luisita beneficiaries take over renters
  • 5 years of hard work pay off for top UP grad
  • Sports

  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • NLEX roars to 7th D-League win
  • Lifestyle

  • A brand for life
  • Wear a rainbow on your wrist
  • Wearing Kate Moss
  • Sail into summer
  • Life lessons from the Ultimate Warrior
  • Entertainment

  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • OMB exec’s assurance: We work 24/7
  • Business

  • Gaming stocks gain, PSEi eases on profit-taking
  • Cebu Pacific flew 3.74M passengers as of March
  • Corporate bonds sweeteners
  • Professionals in the family business
  • Foreign funds flowed out in Q1, says BSP
  • Technology

  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • Afghan hospital guard kills 3 American doctors
  • Career diplomat is new PH consul general in Los Angeles
  • US4GG: Aquino should ask Obama for TPS approval, drone technology
  • Complex health care system for California’s elderly and poor explained
  • Tiff with HK over Luneta hostage fiasco finally over
  • Marketplace