• Thu
  • Dec 18, 2014
  • Updated: 5:55am

Purchasing Managers' Index

China PMIs highlight economic momentum slowing down

A textile factory in Linhai, Zhejiang province. The PMI reading adds to evidence in recent weeks that China’s economy is losing growth momentum. Photo: Reuters

China’s factory activity shrank for the first time in seven months in May as both domestic and external demand softened, while growth in the services sector cooled, pointing to slowing momentum in the world’s second-largest economy.

Thursday, 29 August, 2013, 4:13am

Higher PMI reading lifts hopes of reversing China's first-quarter slowdown

Growing factory output lifts hopes of reversing first-quarter slowdown

The official Purchasing Managers' Index (PMI) rose to 50.8 from 50.6 in April, the National Bureau of Statistics and China Federation of Logistics and Purchasing said yesterday. That was higher than all estimates in a Bloomberg survey of 30 analysts and above the median projection of 50, which divides growth from contraction.

2 Jun 2013 - 6:28am

China outlook dims as export orders fall, PMI shows

Workers assemble air conditioners at a factory of Gree Electric Appliances in Wuhan in central China's Hubei province. Photo: EPA

The HSBC flash manufacturing purchasing managers index (PMI) for China fell to a two-month low of 50.5 in April, compared with the final reading of 51.6 in March, HSBC and Markit said yesterday.

29 Aug 2013 - 4:13am

China manufacturing grows at slowest pace for months

A factory in Wenling, in east China's Zhejiang province. Demand for Chinese exports teetered in February. Photo: Xinhua

The HSBC flash purchasing managers' index (PMI) for China retreated from a two-year high of 52.3 in January to 50.4 in February, according to a preliminary survey issued by HSBC and Markit Economics yesterday. The figure also lagged behind the median estimate of 52.2 of 11 analysts surveyed by Bloomberg.

29 Aug 2013 - 4:13am

December data raises eyebrows

Analysts say local authorities may have incentives to window-dress data amid an unusually bad trading environment. Photo: Reuters

Beijing's announcement of surprisingly good trade data for December has prompted more doubt than relief, since it contradicts several other indicators as well as figures from trading partners.

12 Jan 2013 - 4:02am

China PMI reaches 13-month high

Mainland PMI hits a 13-month high

The mainland economy may be changing gears after a protracted slowdown, according to the latest HSBC Flash Purchasing Managers' Index.

The index shows manufacturing may have surged to a 13-month high in November, offering more hope for a sustained economic recovery.

23 Nov 2012 - 7:16am

Factory numbers add to market optimism

Factory output expanded in October, shows the HSBC Purchasing Managers' Index, giving a lift to the share market. Photo: Xinhua

The stock market rose more than 500 points in two days to reach a two-week high yesterday on higher expectations of an improved economy on the mainland.

The Hang Seng Index closed higher by 218 points to 21,743 yesterday, adding to the increase of 296 points on Wednesday.

23 Nov 2012 - 1:40am