Forex News 24
  • RSS

news

China’s Private Sector Growth Weakens In March

China’s Private Sector Growth Weakens In March
админ
04/04/2018

0a38e86e2147d72bda5848125fc89923 - China's Private Sector Growth Weakens In March

China’s private sector grew at the slowest pace in four months in March due to weaker increases in output across manufacturing and services sectors, data published by IHS Markit showed Wednesday.

The Caixin composite Purchasing Managers’ Index fell to 51.8 in March from 53.3 in February. Nonetheless, the score remained above the neutral 50.0.

The services PMI slid unexpectedly to 52.3 in March from 54.2 in February. The score was forecast to rise to 54.5. The latest reading pointed to a modest increase in services activity that was softer than the long-run trend.

Manufacturers and service providers both noted slower upturns in new order volumes in March. This has led to the slowest expansion in composite new business for six months at the end of the first quarter.

Employment trends deteriorated across both sectors. At composite level, employment decreased for the first time since last October.

Services providers and manufacturers reported slower input price inflation in March. Overall, composite input costs grew at the softest pace since last July.

Chinese companies continued to increase their selling prices in March as part of attempts to pass on higher cost burdens to clients. Although both manufacturers and services companies recorded slightly faster rates of charge inflation compared to February, increases were modest overall.

While the level of positive sentiment strengthened to a one-year high at manufacturers, optimism across the service sector dipped to a six-month low in March. At the composite level, business confidence edged up fractionally to the highest for nine months, survey showed.

by

Source

Related ItemsChinaChinese companiesIndexinflationoptimismpriceratesriseselling

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Anti-spam: complete the taskWordPress CAPTCHA


news
04/04/2018
админ
Related ItemsChinaChinese companiesIndexinflationoptimismpriceratesriseselling

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
1cfd53e4dc84605be8f34b32e1fc08ff 400x208 - European markets look defensive

European markets look defensive

админ26/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

New Zealand and Australian dollars tack on steeply
European Economics Preview: Eurozone Unemployment, Inflation Data Due