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2 Jan 2015
China’s manufacturing sector still struggling – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team cite ANZ’s view that the declining manufacturing PMIs suggests that China’s manufacturing sector is still struggling due to the weak domestic demand.
Key Quotes
“Hong Kong is leading regional indices higher, while Nikkei225 and Shanghai Composite remain on extended New Year holiday break.”
“China December official PMIs saw Manufacturing index hit its lowest level since mid-2013, even though non-manufacturing recovered to a 4-month high of 54.1. Manufacturing PMI components New Orders and Output were at 2014 lows, and inventories and employment were at 10-month lows. NDRC economist Zhang said the PMI data "indicate that industrial growth is still in a downward trend, but the pace of declines is slowing”.”
“Similarly, ANZ economists noted the decline of both official and HSBC PMIs suggests that Chinas manufacturing sector is still struggling due to sluggish domestic demand.”
Key Quotes
“Hong Kong is leading regional indices higher, while Nikkei225 and Shanghai Composite remain on extended New Year holiday break.”
“China December official PMIs saw Manufacturing index hit its lowest level since mid-2013, even though non-manufacturing recovered to a 4-month high of 54.1. Manufacturing PMI components New Orders and Output were at 2014 lows, and inventories and employment were at 10-month lows. NDRC economist Zhang said the PMI data "indicate that industrial growth is still in a downward trend, but the pace of declines is slowing”.”
“Similarly, ANZ economists noted the decline of both official and HSBC PMIs suggests that Chinas manufacturing sector is still struggling due to sluggish domestic demand.”