Mexican Media Brands
Manufacturing Activity in China Cools
Preliminary figures for a closely watched index of manufacturing activity in China dropped to a three-month low in August, Bloomberg News reports.
#economics
Share
Preliminary figures for a closely watched index of manufacturing activity in China dropped to a three-month low in August, Bloomberg News reports.
Results raise worries that the country will fail to achieve the government's target of 7.5% growth in gross domestic product, the smallest gain since 1990.
A flash report of the Purchasing Managers' Index, produced by HSBC Holdings plc and London-based Markit Economics Ltd., fell from a two-year high of 51.7 in July to 50.3 this month. Any number above 50 indicates growth.
HSBC/Markit will issue final data on Sept. 1. A separate manufacturing index from the National Bureau of Statistics is due on the same date.
A Bloomberg poll of 52 economists finds a median estimate that China's GDP will grow 7.4% this year. But analysts say Beijing must introduce new, targeted stimulus measure to achieve that pace.
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
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
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