DJIA26112.53
LIVE22.92(0.09%)
NDX7526.52
LIVE47.41(0.63%)

China Factory Gauge Falls on Tighter Credit, Trade War Risks


Tuesday, 31 July 2018 08:25 WIB

PMI Chinaekonomi China


c_740_198_16777215_00_images_assets_12Chinaaa1514083591_kitay.jpg

China’s official factory gauge weakened this month, as credit conditions tighten and the trade war threatens exports.

The manufacturing purchasing managers index fell to 51.2 in July from 51.5 in June and lower than the forecast of 51.3 in a Bloomberg survey of economists. The non-manufacturing PMI, covering services and construction, stood at 54, the statistics bureau said Tuesday, compared with 55 in June. Levels above 50 indicate improvement.

Factories are faced with challenges both at home and abroad, with slower credit growth this year denting demand and the imposition of the first round of tariffs a sign of what may be coming for more of China’s exports. The government last week unveiled a package of fiscal support including tax cuts and acceleration of bond issuance for infrastructure investment, and there are also signs that the ongoing campaign to curb leverage is being softened.

Source : Bloomberg


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.