Mexican Media Brands
Manufacturing Activity in China Falls to 3-Year Low
A Chinese government index of manufacturing activity has dropped to a 39-month low, suggesting the country’s economy is continuing to cool.
#economics
Share
A Chinese government index of manufacturing activity has dropped to a 39-month low, suggesting the country’s economy is continuing to cool.
The official manufacturing purchasing managers index fell to 49.6 in November from 49.8 in October. The PMI has now been below 50, indicating contraction, for four consecutive months.
A second measure, the Caixin PMI, rose to 48.6 in November from 48.3 in the previous month. But it also continues to show contraction. The Caixin, which is more heavily weighted toward small export companies, has indicated negative growth for nine months.
Analysts predict China’s central government will continue to ease monetary policy to help stabilize the economy next year.
RELATED CONTENT
-
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 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.