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

US EUROPE AFRICA ASIA 中文
Business / Indepth

Service sector growth hits lowest level since 2008

(Agencies) Updated: 2014-02-04 04:20

Latest economic indicator adds to global market jitters

Service sector growth fell to a five-year low in January, an official survey showed, the second indicator in as many days that the world’s second-largest economy is facing headwinds. Global markets fell on Monday, in part due to concerns over the economy.

The National Bureau of Statistics said on Monday the official non-manufacturing Purchasing Managers’ Index (PMI) fell to 53.4 in January from December’s 54.6. A reading above 50 indicates growth, a reading below 50 indicates contraction

Monday’s reading was the lowest since December 2008.

On Saturday a key indicator of factory output growth hit a six-month low in January, hurt by weaker local and foreign demand, a survey showed.

The Purchasing Managers’ Index for the manufacturing sector edged down to 50.5 in January from December’s 51, the National Bureau of Statistics said on Saturday, though this was in line with market expectations.

Saturday’s PMI showed China’s factories saw fewer export orders and slacker growth in new orders last month. A sub-index for new orders fell to a six-month low of 50.9, and export orders slipped to 49.3, also a six-month low and below the 50-point threshold separating growth from contraction.

Analysts had cautioned before Saturday’s release that the ongoing Lunar New Year holiday, which began on Jan 31, probably dragged on factory output in January as manufacturers shut shop for China’s biggest annual holiday.

Global stocks were mostly sluggish or lower Monday, in part due to concerns over weakening growth in China.

In European trading, major benchmarks were lackluster. Britain’s FTSE 100 inched up 0.2 percent to 6,522.24 but France’s CAC-40 was down 0.1 percent to 4,163.23. Germany’s DAX fell 0.1 percent to 9,293.72. Futures augured modest gains on Wall Street, with Dow Jones and S&P 500 futures both up 0.1 percent.

The Nikkei 225, the barometer for the Tokyo Stock Exchange, closed down 2 percent at 14,619.13 as the yen has reversed some of its weakness against the dollar in recent days.

Seoul’s Kospi dropped 1.1 percent to 1,919.96. Among the Asian markets open for business, only Thailand posted gains after national elections took place Sunday without major violence.

Monday’s data showed moderating confidence among service providers, with the business expectations sub-index down to 58.1 from December’s 58.7, the lowest reading since February 2009.

Firms also drew slightly less business in January. A new orders sub-index nudged down to 50.9 from December’s 51.

Retailers and the air and rail transport sectors had strong months, with output sub-indices for all three above 60.

Slowing activity was accompanied by moderating price pressures. The sub-index for input prices fell to an eight-month low of 54.5, and the index for prices charged dropped to 50.1.

Analysts polled by Reuters expect China’s economy to grow 7.4 per cent in 2014, slightly slower than last year’s 7.7 per cent expansion and the weakest in 24 years.

The financial markets in several developing countries, including Turkey and Argentina, have been shaken recently by concerns that growth will slow and money will flow out of their economies as the US Federal Reserve tightens its monetary policy. That has knocked many stock markets, which were ripe for a pullback after big gains in 2013.

On Friday on Wall Street, the Dow Jones industrial average fell 149.76 points, or 0.9 percent, to 15,698.85. The S&P 500 dropped 11.60 points, or 0.7 percent, to 1,782.59 and the Nasdaq lost 19.25 points, or 0.5 percent, to 4,103.88.

Benchmark US crude for March delivery was down 51 cents at $96.98 a barrel in electronic trading on the New York Mercantile Exchange. The euro was little changed at $1.3480. The dollar rose to 102.12 yen from 101.96 yen late Friday but is down from about 105 yen at the beginning of the year.

Service sector growth hits lowest level since 2008 Service sector growth hits lowest level since 2008

2013 Central Economic Work Conference

Decoding China's economic reform roadmap

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 26uuu在线| 99欧美在线 | 亚洲一级毛片 | 亚洲欧美日韩在线不卡 | 深夜福利久久久 | 久久亚洲国产高清 | www日日日| 日本无码成人片在线观看波多 | 精品国产一区二区三区免费 | 国产精品一区二区三区在线播放 | 国产亚洲综合视频 | 午夜伦理影院 | 国产一区二区三区在线免费观看 | 欧美一级欧美三级 | 成人福利在线视频免费观看 | 欧美高清在线精品一区 | 黄视频网站大全 | 国产欧美一区二区三区在线看 | 国产精品成人av | 国产欧美精品午夜在线播放 | 欧美激情第二页 | 午夜精品视频在线看 | 国产亚洲福利精品一区 | www.夜夜骑.com| 久久精品国产99国产精品澳门 | 中文字幕av一区 | 亚洲精品一 | 波多野结衣a∨免费观看 | 国产精品视频在线观看 | 看全色黄大色黄大片色黄看的 | 最新亚洲国产有精品 | 亚洲伦理在线 | 在线观看亚洲一区二区 | 亚洲欧美精品一中文字幕 | 日本黄色免费观看 | 高清一区高清二区视频 | 欧美顶级xxxxbbbb | 99热久久这里只有精品首页 | 特黄特色的免费大片看看 | 狠狠做深爱婷婷久久一区 | 五月综合激情在线 |