Mexican Media Brands
China’s Manufacturing Activity Index Jumps to 7-Month High
A purchasing managers index that tracks manufacturing activity in China rose to a seven-month high of 50.9 in October from 50.2 in September.
#economics
Share
A purchasing managers index that tracks manufacturing activity in China rose to a seven-month high of 50.9 in October from 50.2 in September.
The barometer, which is calculated by New York City-based bank HSBC, precedes a similar gauge from the Chinese government. Any number above 50 indicates growth.
China's economic growth slowed to a 20-year low of 7.5% in the second quarter but rebounded to 7.8% in the third period. HSBC says this month's index shows broad but modest improvements in new orders, production and exports, an indication of stabilization.
China's central leadership has said its long-term goal is to refocus the country's economy which has been driven in recent years by exports and investment for sustained economic growth based on domestic consumption.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
Auto vs. Tech: Guess Who Wins
Matthew Simoncini, president and CEO of Lear Corp., provided some fairly compelling figures this week at the CAR Management Briefing Seminars that show just how out-of-whack the valuations of tech companies are vis-à-vis auto companies.