Policy looks to boost industry growth
2 years ago

Policy looks to boost industry growth

China Daily  

China has introduced measures to shore up the growth of its industries, pledging to boost the resilience of industry and supply chains, steady the exports of industrial products and step up services and support for foreign businesses. A policy document released by three central government bodies, including the Ministry of Industry and Information Technology and the National Development and Reform Commission, underlined the importance of consolidating momentum among recovering industries to stabilize the economy. Gao Ming, a macroeconomics analyst at China Galaxy Securities, said the policy measures were unveiled as China's industrial economy stood out as one of the highlights in overall economic performance this year. The latest policy document called for structural upgrades and improvement to the quality of the industrial economy, while rolling out measures to cushion it against fallout from the epidemic, he said. "With a host of measures to boost high-end, green and online consumption, the new document will also help spur the recovery of the retail sector, stabilize its fundamentals and promote its upgrading," she said.

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History of this topic

India’s services sector growth falls marginally in November
3 weeks ago

India’s services sector growth falls marginally in November

Live Mint  

New Delhi: India’s services sector growth fell slightly in November from the previous month, owing to a drop in growth of new orders and output, a survey released on Wednesday showed. The HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, fell to 58.4 in November from 58.5 in October, but was higher than the 57.7 figure reported in …

German manufacturing sector mired in downturn in November, PMI shows
3 weeks, 2 days ago

German manufacturing sector mired in downturn in November, PMI shows

Hindustan Times  

BERLIN, - Germany's manufacturing sector remained firmly entrenched in contraction territory in November as firms struggle with weak demand and competitive pressure, highlighting ongoing challenges for Europe's largest economy, a survey showed on Monday. German manufacturing sector mired in downturn in November, PMI shows The HCOB Germany Manufacturing Purchasing Managers' Index, compiled by S&P Global, held steady at 43.0, unchanged …

India’s manufacturing sector growth dips to 18-month low in December on softer rise in output
11 months, 3 weeks ago

India’s manufacturing sector growth dips to 18-month low in December on softer rise in output

Firstpost  

India’s manufacturing sector growth fell to an 18-month low in December amid softer increase in factory orders and output, despite minimal inflation, a monthly survey said on Wednesday. The HSBC India Manufacturing PMI survey, conducted by S&P Global, showed that there were softer, albeit sharp, increase in factory orders and output, while business confidence towards the year-ahead outlook strengthened. The …

Industrial firms see profit growth for 4th straight month
11 months, 3 weeks ago

Industrial firms see profit growth for 4th straight month

China Daily  

The busy Qingdao Port in Shandong. China's value-added industrial output grew 6.6 percent year-on-year in November after a 4.6 percent rise in October, while China's producer price index dropped 3 percent from a year ago in November versus a 2.6 percent fall in October, NBS data showed. Zhou called for expansionary macro policies to consolidate the recovery trend, estimating that …

Industrial firms see profit growth for 4th straight month
11 months, 3 weeks ago

Industrial firms see profit growth for 4th straight month

China Daily  

A worker assembles a liquid loading arm at an equipment manufacturing plant in Lianyungang, Jiangsu province, on Dec 27, 2023. China's value-added industrial output grew 6.6 percent year-on-year in November after a 4.6 percent rise in October, while China's producer price index dropped 3 percent from a year ago in November versus a 2.6 percent fall in October, NBS data …

Chinese factory activity contracts in October as pandemic recovery falters
1 year, 1 month ago

Chinese factory activity contracts in October as pandemic recovery falters

Associated Press  

HONG KONG — An official survey of manufacturers shows China’s factory activity contracted in October, suggesting the economy remains on uneven footing. The purchasing managers’ index, or PMI, fell to 49.5 in October on a 100-point scale, down from 50.2 last month, according to the National Bureau of Statistics and the China Federation of Logistics & Purchasing. The non-manufacturing PMI …

China factory output, consumption highlight frail post-COVID economic recovery
1 year, 7 months ago

China factory output, consumption highlight frail post-COVID economic recovery

The Hindu  

China's April industrial output and retail sales growth undershot forecasts, suggesting the economy lost further momentum at the start of the second quarter and adding pressure on policymakers to shore up a wobbly post-COVID recovery. "Today's weaker-than-expected data show how difficult it is to keep the growth engine running after restarting it," said Bruce Pang, chief economist at Jones Lang …

China’s manufacturing activity storms ahead with fastest growth in a decade post Covid-19 lull
1 year, 9 months ago

China’s manufacturing activity storms ahead with fastest growth in a decade post Covid-19 lull

Firstpost  

Beijing: Manufacturing activity in China expanded last month at the fastest pace in more than a decade, an official index revealed on Wednesday. The country’s factory output stormed ahead as production increased across sectors after stringent Covid-19 curbs were lifted in December last year. China—which is the world’s second-largest economy recorded one of its worst years in nearly half a …

China’s retail, factory output slump as COVID curbs hit growth
2 years ago

China’s retail, factory output slump as COVID curbs hit growth

Al Jazeera  

China’s economy lost more steam in November as factory output slowed and retail sales extended declines, both missing forecasts and clocking their worst readings in six months, hobbled by surging COVID-19 cases and widespread virus curbs. Industrial output rose 2.2 percent in November from a year earlier, missing expectations for a 3.6 percent gain in a Reuters poll and slowing …

Policy looks to boost industry growth
2 years ago

Policy looks to boost industry growth

China Daily  

China has introduced measures to shore up the growth of its industries, pledging to boost the resilience of industry and supply chains, steady the exports of industrial products and step up services and support for foreign businesses. A policy document released by three central government bodies, including the Ministry of Industry and Information Technology and the National Development and Reform …

US manufacturing grows at slowest pace since May 2020
2 years, 1 month ago

US manufacturing grows at slowest pace since May 2020

Al Jazeera  

United States manufacturing activity grew at its slowest pace in nearly two and a half years in October as the Federal Reserve’s aggressive push to raise interest rates to quash inflation cools demand for goods. The Institute for Supply Management said on Tuesday that its Purchasing Managers Index fell to 50.2 last month from 50.9 in September, both the lowest …

China’s factory slowdown worse than expected
2 years, 1 month ago

China’s factory slowdown worse than expected

Live Mint  

China’s factory activity contracted in October after a short-lived improvement, a fresh sign of the toll from the country’s stringent Covid policies and of fading global demand for Chinese-made goods. Sales of new homes at China’s 100 largest property developers fell 28% in October from a year earlier, the 16th consecutive month of declines, according to China Real Estate Information …

China’s economic growth accelerates but is weakened by COVID shutdowns
2 years, 2 months ago

China’s economic growth accelerates but is weakened by COVID shutdowns

LA Times  

Chinese President Xi Jinping’s image is projected on a giant screen in a commercial district of Hangzhou in eastern China. China’s economic growth picked up in the latest quarter but still was among the weakest in decades as the ruling Communist Party tries to reverse a slump while enforcing anti-coronavirus controls and a crackdown on debt in its vast real …

India’s manufacturing sector records highest production growth in November after nine months
3 years ago

India’s manufacturing sector records highest production growth in November after nine months

The Hindu  

India’s manufacturing sector recorded the highest production growth in nine months in November, as per the survey-based IHS Markit India Manufacturing Purchasing Managers’ Index, which rose to 57.6 from 55.9 in October. The November PMI signals the strongest improvement in the health of the manufacturing sector for ten months, with factory orders rising for the fifth successive month at the …

China’s manufacturing weakens for first time since Covid-19 erupted
3 years, 2 months ago

China’s manufacturing weakens for first time since Covid-19 erupted

Live Mint  

China’s manufacturing activity contracted in September, ending an 18-month expansion that powered the country’s recovery from the pandemic, with power curbs in hubs threatening further disruption. China’s manufacturing purchasing managers index fell to 49.6 in September, the National Bureau of Statistics in Beijing said Thursday. Below the headline PMI figure, subindexes measuring production, total new orders, new export orders and …

Manufacturing solid in June
3 years, 5 months ago

Manufacturing solid in June

China Daily  

By ZHOU LANXU and ZHANG YUE| ezhejiang.gov.cn| Updated :2021-07-02 PMI expansion slower due to supply shortages, but new orders edge up on '618' China's manufacturing activities maintained a solid expansion in June despite the small-scale resurgence of local COVID-19 cases, highlighting the resilience of the country's economic recovery, officials and experts said on Wednesday. Underpinned by recovering private domestic demand, …

Factory activity shrinks for first time in almost a year amid Covid crisis
3 years, 5 months ago

Factory activity shrinks for first time in almost a year amid Covid crisis

India Today  

India's manufacturing sector activities contracted for the first time in 11 months in June as rising coronavirus cases and strict containment measures adversely impacted demand as well as resulted in job losses, a monthly survey said on Thursday. COVID-19 restrictions also curtailed international demand for Indian goods and new export orders decreased for the first time in ten months. Read …

India's Manufacturing Sector Loses Growth Momentum In Nov; Covid-Related Restrictions Impacted output: PMI
4 years ago

India's Manufacturing Sector Loses Growth Momentum In Nov; Covid-Related Restrictions Impacted output: PMI

ABP News  

India's manufacturing sector lost growth momentum in November, as a slower order flow and Covid-related restrictions impacted output.The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index fell after posting the strongest improvement in the health of the sector in over a decade during October. "Aggregate new orders rose at the slowest pace in three months," the Manufacturing PMI …

US Economy Posts Record Growth of 33% in Q3; Covid-19 Scarring to Last
4 years, 1 month ago

US Economy Posts Record Growth of 33% in Q3; Covid-19 Scarring to Last

News 18  

The U.S. economy grew at a historic pace in the third quarter as the government injected more than $3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal. “So glad this great GDP number came out before November 3rd.” Trump’s Democratic challenger Joe Biden …

Industrial production declines 10.4% in July; capital goods, consumer durables see max contraction
4 years, 3 months ago

Industrial production declines 10.4% in July; capital goods, consumer durables see max contraction

Firstpost  

Manufacturing sector, which constitutes 77.63 percent of the IIP, recorded a decline of 11.1 percent in July as against a growth of 4.8 percent in same month last year New Delhi: Industrial production shrank by 10.4 percent in July, mainly due to lower output of manufacturing, mining and power generation sectors, official data showed on Friday. According to the IIP …

Industrial Production Declines by 16.6% in June due to Lower Manufacturing Output: Govt Data
4 years, 4 months ago

Industrial Production Declines by 16.6% in June due to Lower Manufacturing Output: Govt Data

News 18  

Industrial production declined by 16.6 per cent in June, mainly due to lower output of manufacturing, mining and power generation, as per the government data released on Tuesday. According to the Index of Industrial Production data, manufacturing sector production registered a decline of 17.1 per cent, while the output of mining and power fell 19.8 per cent and 10 per …

Factory output rises in July
4 years, 4 months ago

Factory output rises in July

China Daily  

The faster-than-expected expansion of China's manufacturing sector in July indicates a steady recovery of the economy during the second half of the year, experts said on July 31. The government is expected to ramp up fiscal support to boost domestic demand and lend targeted help to hard-hit small businesses, as part of the efforts to maintain momentum despite lingering uncertainties, …

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