-
China: Strongest improvement in manufacturing conditions in over five years in February
The latest PMI® data showed business conditions in China’s manufacturing sector improving at the strongest rate in over five years in February. The rate of growth in new orders accelerated notably in February, with particular strength in exports. As a result, output and purchasing was stepped up, and manufacturers grew more confident about the 12-month outlook. Backlogs of work rose but finished goods inventories stabilised as firms scaled up production. The headline seasonally adjusted Purchasing Managers’ Index™ (PMI) – a composite indicator designed to provide a single-figure snapshot of operating ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
China’s factory activity faltered in February as manufacturers paused production and cargo shipment to celebrate an extended holiday, an official survey showed on Wednesday. The official manufacturing purchasing managers index fell to 49 in February, according to the National Bureau of Statistics, missing economists’ forecast for 49.1. A reading below 50 ...
Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf. This will be available to all Shipping Lines. If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible. No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States’ ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH — More actions to come. Thank you for your attention to this matter! President DONALD J. TRUMP
China’s ceremonial legislature is set to meet Thursday, where it will unveil the country’s policy direction and economic goals for the coming years. The meeting is held in Beijing, where the National People’s Congress and its advisory body gather. The National People’s Congress will ratify new laws decided by China’s Communist Party leadership. While the ...
