China Industrial Output Rises 5.6% On Month In May
(RTTNews) - Industrial production in China was up 5.6 percent on year in May, the National Bureau of Statistics said on Monday - well shy of forecasts for an increase of 6.2 percent and slowing sharply from 6.7 percent in April.
The bureau also said that retail sales rose an annual 3.7 percent - beating expectations for an increase of 3.0 percent and accelerating from 2.3 percent in the previous month.
Fixed asset investment was up 4.0 percent on year, missing forecasts for 4.2 percent - which would have been unchanged.
The jobless rate came in at 5.0 percent, unchanged and in line with expectations.
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China Services PMI Improves To 52.0 In October - Caixin
The services sector in China continued to expand in October, and at a faster rate, the latest survey from Caixin revealed on Tuesday with a PMI score of 52.0.
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1 dia atrás
China Manufacturing Activity Returns To Growth
China's manufacturing activity returned to growth in October as companies ramped up production and purchasing to meet higher demand amid improving confidence, survey results from S&P Global showed on Friday. The Caixin manufacturing Purchasing Managers' Index rose to 50.3 in October from 49.3 in September. A reading above the neutral mark of 50.0 indicates expansion.
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5 dias atrás
China Manufacturing Activity Expands For First Time In 6 Months
China's manufacturing activity expanded for the first time in six months in October, underpinned by strong domestic demand, official survey data revealed Thursday. The official manufacturing Purchasing Managers' Index rose to 50.1 in October from 49.8 in September, survey data from the National Bureau of Statistics showed. The score was seen unchanged at 49.8.
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6 dias atrás
China Keeps Medium-Term Lending Facility Rate Unchanged
China's central bank left the rate on medium-term lending facility unchanged on Friday after lowering the rate by 30 basis points last month. The People's Bank of China maintained the medium-term lending facility rate at 2.0 percent. The central bank today conducted a seven-day reverse repo operations of CNY 292.6 billion at an interest rate of 1.5 percent.
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12 dias atrás
China Cuts Benchmark Lending Rates To Revive Growth
China reduced its benchmark lending rates by 25 basis points on Monday as the economic growth slowed further amid persistent deflationary pressures. The People's Bank of China cut its one-year loan prime rate to 3.10 percent from 3.35 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was lowered to 3.60 percent from 3.85 percent.
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16 dias atrás
China Economy Logs Weakest Growth Since Early 2023
China's economy grew at the slowest pace in more than a year in the third quarter despite an improvement in retail sales as the property market continued to be a major drag on growth. Gross domestic product expanded 4.6 percent on a yearly basis in the third quarter, data from the National Bureau of Statistics showed on Friday. This was the weakest growth since the first quarter of 2023.
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19 dias atrás
China Needs Fiscal Boost As Deflationary Pressures Build: Capital Economics
A near-term fiscal boost as well as a recovery in fuel prices should reduce some of the immediate deflationary risks in China but structural imbalances are set to persist, Capital Economics' economist Gabriel Ng said. Consumer price inflation softened to 0.4 percent from 0.6 percent in August, data from the National Bureau of Statistics revealed Sunday.
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23 dias atrás
China State Planner Says Exploring More Actions To Boost Growth
The Chinese government is planning more steps to support economic growth and is confident of achieving its full year economic target, the country's top state planner said Tuesday, and announced more funding initiatives for projects, but defied expectations by not unveiling any major stimulus.
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29 dias atrás
