Mexican Media Brands
China’s Factory Output Stabilizes
Manufacturing activity in China has now lagged the previous month's pace for since March.
#economics
Share
Manufacturing activity in China has now lagged the previous month's pace for since March. But the shortfall has nearly disappeared, according to the HSBC Flash China Manufacturing PMI.
The purchasing managers' index, which is compiled by London-based Markit Economics, crept up to a three-month high of 49.6 in June. Any number below 50 indicates a seasonally adjusted decline from the previous month.
Markit says the data indicate output has "stabilized" as new work and purchasing activity show small gains. But the firm also says manufacturers have accelerated reductions to staff, suggesting they expect muted growth ahead.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.