日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

China's June manufacturing PMI falls to 50.1

Xinhua | Updated: 2013-07-01 09:49

China's June manufacturing PMI falls to 50.1

BEIJING-- The purchasing managers' index (PMI) for the manufacturing sector fell to 50.1 percent in June from 50.8 percent in May, according to data issued by the China Federation of Logistics and Purchasing (CFLP) on Monday.

The PMI stayed above 50 percent for the ninth consecutive month in June.

A PMI reading greater than 50 indicates expansion, while a reading below 50 indicates contraction.

Major PMI compounds all declined in June, indicating downward pressure on the economy, said Zhang Liqun, an analyst with the Development Research Center of the State Council.

But Zhang also added that economic growth is still in a process of stabilizing. Inventories have reached a historically low level, suggesting limited room for further decreases, he said.

Investment and consumption remained generally stable in the first five months of the year and the actual export growth rate did not see a significant fall, Zhang explained, adding that policies targeting stable growth will gradually take effect.

In June, the sub-index for production moved down from 53.3 percent in May to reach 52.0 percent, while the sub-index for new orders lost 1.4 percentage points to hit 50.4 percent, according to a joint statement from CFLP and the National Bureau of Statistics.

The sub-index for raw material inventories was down 0.2 percentage points from the previous month to 47.4 percent in June, marking the fifth consecutive month of shrinking stocks.

The sub-index for the purchase prices of raw materials lost 0.5 percentage points to reach 44.6 percent in June, staying below the 50-percent demarcation line for a third consecutive month.

The data also showed that the employment sub-index for June pared 0.1 percentage points to 48.7 percent, indicating job cuts, while the sub-index for supplier delivery times moved down 0.5 percentage points to 50.3 percent.

On Monday, British bank HSBC also released its final PMI reading for the manufacturing sector, dropping to 48.2 from May's reading of 49.2 and hitting a nine-month low.

HSBC's PMI reading, which focuses more on small and medium-sized manufacturers, showed that the sector's production shrank for the first time in eight months.

Qu Hongbin, chief economist at HSBC China, said China's manufacturing activity was weighed down by declining orders and climbing inventories.

HSBC cut its forecast for China's GDP growth this year to 7.4 percent in mid-June, down from its previous forecast of 8.2 percent.

Recent tight liquidity in China's interbank market has also added to concerns regarding China's growth momentum.

The cash crunch may result in a contraction in commercial banks' off-balance sheet business, worsening financing conditions for small and medium-sized enterprises, according to Qu.

Qu said slower economic growth will continue over the next few months, as a government stimulus plan is unlikely.

But there is little risk for a hard landing, as the government has moved to reduce financial risks and stabilize the employment market, according to Qu.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 欧美a∨一区二区三区久久黄 | 成人免费激情视频 | 亚洲精品视频免费观看 | 99热9| 一区二区三区在线免费观看 | 中文字幕 国产精品 | 日韩av在线不卡 | 亚洲第一国产 | 国产精品毛片无码 | 免费看污又色又爽又黄视频 | 2021国产成人综合亚洲精品 | 久久一区二区明星换脸 | 狠狠色噜噜狠狠狠狠色吗综合 | a级片免费视频 | 国产sm主人调教女m视频 | 国产成人一区二区精品非洲 | 亚洲欧美日韩精品久久 | 久久亚洲一区二区 | 国内精品一区二区三区最新 | 国产亚洲欧洲国产综合一区 | 国产午夜精品久久久久久久蜜臀 | 亚洲欧美日韩中文综合在线不卡 | 黑人狂躁日本妞无码A片 | 午夜资源网| 中文字幕第二页 | 免费久久精品国产片香蕉 | 97爱爱爱 | 最近最新中文字幕 | 亚洲自拍另类 | 麻豆专区一区二区三区四区五区 | 亚洲视频在线看 | 国产伊人精品 | 91视频国内 | 久久精品国产亚洲麻豆 | 91视频无限看 | 这里精品 | 91涩涩视频| 综合久久久久综合 | 欧美色专区 | 99久久久无码国产精品 | 久久久久久免费免费 |