Home
[size=36]Chinese factory activity shrinks in February to its lowest level in 3 years[/size]
10:23 - 28/02/2019
Follow - up - News balances
contracted factories activities in China to its lowest level in three years in February , with export orders falling at the fastest pace since the global financial crisis, which highlights the problems facing the Chinese economy due to weak demand at home and abroad.
These negative indicators are likely to reinforce the view that the world's second largest economy continues to lose momentum after last year's growth slowed to a 30-year low.
Despite the government's increased stimulus for economic activity, fears are growing that China will face a more severe slowdown if its trade talks with the United States do not ease the pressure.
Data released by the National Bureau of Statistics showed on Thursday that the official purchasing managers' index fell to 49.2 in February from 49.5 in January, indicating contraction of activity for the third straight month. The 50-point level separates growth from contraction.
Analysts polled by Reuters had expected the manufacturing sector to stabilize unchanged from the January reading. Chinese factory activities have been generally choppy since May.
Production in the manufacturing sector shrank in February for the first time since January 2009 at the height of the global crisis. The results of the survey showed that the sub-index of production fell to 49.5 from 50.9 in the previous month.
New export orders for the ninth consecutive month contracted at a higher pace, the latest sign of continued global demand decline. The sub-index fell to 45.2, its lowest level since February 2009, from 46.9 in January.
However, the total new orders, an indicator of future activities, have returned to growth, indicating some improvement in domestic demand. The sub-index rose to 50.6 from 49.6 in January after falling for two straight months.
China's service sector slowed in February after recovering for two consecutive months, analysts said on Thursday, and analysts expected further weakness this year as the economy slowed, making consumers more cautious about spending.
The official non-manufacturing PMI fell to 54.3 in February, from 54.7 in January, but remains above the 50-point level between growth and contraction.
The fast-growing services sector accounts for more than half of the Chinese economy and has helped to slow the impact of the slowdown in the manufacturing sector.
The composite PMI, covering the manufacturing and services sectors, fell to 52.4 from 53.2 in January.
contracted factories activities in China to its lowest level in three years in February , with export orders falling at the fastest pace since the global financial crisis, which highlights the problems facing the Chinese economy due to weak demand at home and abroad.
These negative indicators are likely to reinforce the view that the world's second largest economy continues to lose momentum after last year's growth slowed to a 30-year low.
Despite the government's increased stimulus for economic activity, fears are growing that China will face a more severe slowdown if its trade talks with the United States do not ease the pressure.
Data released by the National Bureau of Statistics showed on Thursday that the official purchasing managers' index fell to 49.2 in February from 49.5 in January, indicating contraction of activity for the third straight month. The 50-point level separates growth from contraction.
Analysts polled by Reuters had expected the manufacturing sector to stabilize unchanged from the January reading. Chinese factory activities have been generally choppy since May.
Production in the manufacturing sector shrank in February for the first time since January 2009 at the height of the global crisis. The results of the survey showed that the sub-index of production fell to 49.5 from 50.9 in the previous month.
New export orders for the ninth consecutive month contracted at a higher pace, the latest sign of continued global demand decline. The sub-index fell to 45.2, its lowest level since February 2009, from 46.9 in January.
However, the total new orders, an indicator of future activities, have returned to growth, indicating some improvement in domestic demand. The sub-index rose to 50.6 from 49.6 in January after falling for two straight months.
China's service sector slowed in February after recovering for two consecutive months, analysts said on Thursday, and analysts expected further weakness this year as the economy slowed, making consumers more cautious about spending.
The official non-manufacturing PMI fell to 54.3 in February, from 54.7 in January, but remains above the 50-point level between growth and contraction.
The fast-growing services sector accounts for more than half of the Chinese economy and has helped to slow the impact of the slowdown in the manufacturing sector.
The composite PMI, covering the manufacturing and services sectors, fell to 52.4 from 53.2 in January.
» Iraqi parliament resumes sessions on Monday with 'important' laws
» The Central Bank of Iraq sells more than $894 million in three days
» With the participation of the private sector.. Iraq studies a project to establish a large medical c
» OPEC Secretary General: Crude Oil and Natural Gas are 'Gifts from God'
» How much did the census cost in Iraq?
» Türkiye hints at “good news” regarding Kurdistan oil exports.. What about the development path?
» Minister of Education: Project No. 1 has reached its final stages and new schools will be announced
» With Al-Mashhadani's support... Parliamentary move to activate the oversight role during the upcomin
» Israel sends messages to Iraq: An expected strike and no options for deterrence
» A government bank in Karbala embezzles installment amounts paid by a number of borrowers
» Iraqi government begins measures to prevent oil “smuggling” from Kurdistan
» Iraq sends "identical" messages to international and Arab parties regarding Israeli threats
» Al-Araji: The international coalition has great credit in helping Iraq defeat ISIS
» Dollar price stability in Iraq
» Trade announces a special application for the ration card that determines the mechanism for families
» Iraqi exhibitions participate in the UFI conference in Germany
» Industry: A plan to increase battery production and cover the needs of the local market
» Health: We are studying the establishment of medical cities in Baghdad and the governorates with the
» Foreign Minister: The government has taken internal and external steps regarding the threats of the
» Immigration: Report to be submitted next month to curb illegal immigration
» The Arab League will hold a meeting next Sunday to confront the threats of the Zionist entity, at th
» Iraq comments on the threats of the Zionist entity
» Al-Mandlawi: The International Court’s decision to arrest Netanyahu and his defense minister is a st
» Supreme Census Authority: End of the second phase of the population census
» An inside look at Iraq’s “fuel smuggling market”: New developments and smugglers “suffering”
» Find out the dollar exchange rates in the Iraqi stock exchanges
» New embezzlement operations revealed in a government bank in Karbala
» Officially.. The Supreme Authority for Population Census sets the date for announcing the results
» Prime Minister: It is hoped that the remaining 1,000 schools will be completed within two months - U
» utube 11/21/24 MM&C MM&C News Reporting-Global Trade-Best Route in World-Purchase Power-Justice-Cen
» utube 11/19/24 MM&C Report-Census-Global Transparency-Budget-Trade-Banking-Delete the Ze
» Barzani: The relationship with Baghdad is good and no problem can be solved by force
» Al-Mashhadani: The international system today is “fluid and in crisis” and the Middle East crisis is
» Legal Center: Iraq is the fourth Arab country in child labor and there is a need to legislate a law
» Democratic: The new regional government is a coalition and one step away from negotiations to form i
» Parliament resumes its sessions next week... and clarification of the mechanism for extending its le
» A member of the Patriotic Union of Kurdistan stresses the need to pass the Kurdistan budget law, whi
» Framework warns: Agreement with Washington will be at stake if Iraq is bombed
» Protecting Iraq is an American duty: Security agreements are not just ink on paper
» Moderate leaders...are they able to guide the path at a regional crossroads?
» Politician reveals political agreements to vote on personal status law
» US report shows the importance of the population census in Iraq: It will reshape this map
» Dollar-Dinar Exchange Rate Gap: Causes and Treatments
» The Fifth Forum for Peace and Security in the Middle East kicks off in Dohuk with the participation
» Planning for / Nina /: The census results will be announced at this time and we implemented the proj
» Former MP: Worrying circumstances accompanied the population census process in Basra
» MP Hassan Al-Asadi brings good news to a group of those covered by Article 140
» Economist: Total cost of general population census reached 951 billion dinars
» Israel's complaint against Iraq.. a prelude to an expected military action - Urgent
» Mahmoud Al-Mashhadani: What is happening today in the Middle East is a “vital area for the second Na
» The complex of forming the regional government is exacerbated by the adherence to the “old faces”
» Bitcoin hits new record
» Prime Minister's Advisor: National Development Plan 2024-2028 depends on census results
» Al-Abadi responds to Senator Lindsey Graham's statement: Incites new conflicts and wars
» War developments portend danger in Iraq.. Israeli threatening messages arrived via a regional state
» Controversy over Kurdish citizens entering Kirkuk before the population census.. What's the story?
» MP reveals date of passing general amnesty and personal status laws
» Economist: The census will lead to an increase in the share of some governorates in regional develop
» Al-Sudani directs to equip border forces with modern weapons and secure all their requirements
» Iraqi government: We are making great efforts to control the influence of factions inside Iraq
» utube 11/18/24 US President Donald Trump Statement About Iraqi Dinar New RateIraqi Dinar News
» Mazhar Saleh: Population census is the basis for achieving optimal development
» Setting the date for announcing the preliminary results of the population census
» Kurdish MP: Population census will affect all governorates financially
» Between Israeli accusations and Baghdad's position: Is Iraq heading towards an international confron
» Al-Sudani renews his directives on the necessity of completing service projects within the previousl
» Political movement calls on parliament to strike dens of corruption
» MP criticizes the Foreign Ministry's performance towards the Turkish occupation
» Parliamentary Economy Committee criticizes the government’s withdrawal of the Public-Private Partner
» Before the vote... Washington moves its agendas to prevent the approval of the personal status law
» Al-Maliki: The Zionist entity seeks to strike Iraq through its expansionist war
» MP identifies 3 black images of the American role in the Middle East
» Where is the Baghdad-Washington agreement? The Zionist entity provokes Iraq and threatens to bomb it
» Durable goods are an open option for citizens.. Planning indicates a high response to the population
» Parliamentary Legal: The regional government is trying to change the demographics of Kirkuk to regai
» Arrest warrant issued for Anbar Council member for involvement in corruption and terrorism cases
» Al-Sudani directs continued payment of wages to workers on a "daily wage" during the two days of the
» What is the relationship between the population census and the national development plan? Al-Sudani’
» Iraq's seaborne crude oil exports decline
» Will the population increase the number of representatives in Iraq?
» In cooperation with the United Nations Population Fund.. The first population census in Iraq in more
» Jordanian company completes strategic submersible pumps project in Iraq
» Rasool: The government is pursuing anyone involved in activities that threaten Iraq's security
» US military creates air bridge from Iraq to Syria
» Al-Sudani, Putin discuss Middle East issues amid unprecedented escalation of tension in the region
» Know the secrets of the Iraqi house.. Baghdad demands that Washington deter Israel
» On the second day of the curfew, Al-Sudani tours Baghdad and “meets citizens”
» Planning: Slums are counted as a fact in the population census
» Despite problems, Iraq and Turkey agree to increase trade exchange
» Iraqi regions detect drones.. and Washington informs Baghdad of "exhausting" its pressure on the ent
» Bitcoin breaks $97,000 barrier for the first time in its history
» A difference of more than two million people: Iraqi or international estimates? Who will prove the a
» In numbers.. UAE exports to Iraq grow significantly
» Problems with the lists and the minister’s travel.. Baghdad to send salaries to Kurdistan employees
» Al-Awadi: Iraq will demand a UN resolution under Chapter VII to immediately cease fire
» How will the census reflect on drawing the economic map of Iraq? An expert answers
» Al-Hakim and Al-Amiri at one table to discuss these files
» Government Advisor: Population Census is an Essential Tool for Building Effective Strategic Economic