Tuesday, 1 September 2015

China Aug factory activity shrinks at fastest pace in 3 yrs


Activity in China's manufacturing sector contracted at its fastest pace in three years in August, an official survey showed on Tuesday, reinforcing fears of a sharper slowdown in the world's second-largest economy despite a flurry of government support measures. 
The official Purchasing Managers' Index (PMI) fell to 49.7 in August from the previous month's reading of 50.0, in line with expectations of analysts polled by agency.  
A reading over 50 points signals an expansion in activity while one below that mark indicates an contraction on a monthly basis. China's factories continued to suffer from sluggish demand at home and abroad, which has saddled some firms with enormous amounts of idle capacity and forced them to cut prices, eating into profits.  

Get Free Trial Service on Intraday Trading Tips , Intraday tips, Intraday Stock Tips,Stock Future Tips for 2 days on mobile for more details visit us http://www.marketmagnify.com/aboutus.php or call at 0731- 6619100

1 comment:

  1. This is very good content you share on this blog. it's very informative and provide me future related information.
    Online MBA

    ReplyDelete