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 Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.