China Manufacturing Sector Picks Up Steam - NBS
(RTTNews) - The manufacturing sector in China continued to expand in February, and at a faster pace, the latest survey from the National Bureau of Statistics showed on Wednesday with a manufacturing PMI score of 52.6.
That beat expectations for 50.5 and was up from 50.1 in January. It also moves further above the boom-or-bust line of 50 that separates expansion from contraction.
The bureau also said that its non-manufacturing PMI came in at 56.3, topping forecasts for 55.0 and up from 54.4 in the previous month.
The composite index had a score of 56.4, up from 52.9 a month earlier.
read more
China Holds Loan Prime Rates As Expected
The People's Bank of China maintained its interest rates unchanged for the fourth straight time on Thursday. The PBoC left its one-year loan prime rate unchanged at 3.10 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.60 percent. The decision matched expectations.
RTTNews
|
3 days ago
China Services Activity Growth Softens In January
China's services activity continued to expand in January but the growth softened amid slowing new business growth and job shedding, survey results from S&P Global revealed on Wednesday. The Caixin services Purchasing Managers' Index posted 51.0 in January, down from 52.2 in December. The reading was forecast to edge up to 52.3. The score has remained above 50.0 signalling expansion since January.
RTTNews
|
18 days ago
China Manufacturing Growth Weakens In January
China's manufacturing sector expanded at a slower pace in January as staffing declined the most since 2020 and exports orders fell for the second consecutive month amid international policies posing significant challenges for the economy. The Caixin Purchasing Managers' Index fell to 50.1 in January from 50.5 in December, survey results from S&P Global showed on Monday. However, the reading abov
RTTNews
|
20 days ago
China Manufacturing Sector Fades In January - Caixin
The manufacturing sector in China continued to expand in January, albeit at a slower pace, the latest survey from Caixin revealed on Monday with a PMI score of 50.1
RTTNews
|
21 days ago
China Manufacturing PMI Ebbs In January - NBS
The manufacturing sector in China fell into contraction in January, the latest survey from the National Bureau of Statistics said on Monday with a manufacturing PMI score of 49.1.
RTTNews
|
28 days ago
China Retains Loan Prime Rates As Expected
The People's Bank of China maintained its interest rates unchanged for the third straight session on Monday as policymakers await the stance of new US administration.
The PBoC left its one-year loan prime rate at 3.10 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was held at 3.60 percent. The decision matched expectations.
RTTNews
|
34 days ago
China Economic Growth Hits Target On Stimulus
China's economy achieved its official growth target in 2024 as series of stimulus measures late last year revived industrial production and spending, and exports increased ahead of potential tariff hikes by the US administration. Gross domestic product expanded 5.4 percent on year in the fourth quarter, faster than the 4.6 percent growth in the third quarter, the National Bureau of Statistics re
RTTNews
|
37 days ago
China GDP Climbs 5.4% On Year In Q4
China's gross domestic product expanded 5.4 percent on year in the fourth quarter of 2024, he National Bureau of Statistics said on Friday - exceeding expectations for 5.0 percent and up from 4.6 percent in Q3.
RTTNews
|
38 days ago
