China Manufacturing PMI Weakens in July 2015

July 24th, 2015
in News, econ_news, syndication

breaking-news-130px7Econintersect: China's manufacturing sector reported the lowest PMI (Purchasing Managers' Index) reading in 15 months with a July 2015 Caixin/Markit "Flash" (preliminary) survey result of 48.2. Readings below 50 reflect a contracting manufacturing sector. The low value for the survey result was a surprise. This was down from a June reading of 49.4 and was the fifth consecutive reading below 50. Analysts surveyed by Bloomberg indicated expectations were for a reading of 49.7.

Follow up:

Chinese companies cut their workforce numbers again in July, but  at a slower rate than in June.  However, output, new orders and new export orders all decreased, while stocks of finished goods and length of suppliers' delivery times all increased.  The entrenched disinflation and deflation in Chinese manufacturing was reflected by continuing declines in both input prices and output charges.

Bloomberg says that the data indicates just how difficult it is for China to deal with the current economic slowdown.





Note: The Caixin Market PMI surveys were previously call the HSBC Markit PMI Surveys.  These monthly surveys cover 420 privately owned manufacturing companies in China.  The official government Manufacturing PMI surveys cover large companies, many of which are government owned enterprises.


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved