f
  •  
© Reuters.  China Factory Outlook Slips in August Amid Slow Recovery © Reuters. China Factory Outlook Slips in August Amid Slow Recovery

(Bloomberg) -- A gauge of China’s manufacturing activity declined slightly in August, fueling concerns that the pace of China’s economic recovery may have peaked.

  • The official manufacturing purchasing managers’ index moderated to 51 from 51.1 a month earlier, lower than the 51.2 median estimate of economists, data released by the National Bureau of Statistics showed Monday.
  • The non-manufacturing gauge rose to 55.2 from July’s 54.2, much stronger than the projected 54.2. A reading above 50 indicates improving conditions.

Key Insights

  • China’s economy continued to recover from the slump in the first quarter, with government-led investment boosting demand and reopening of overseas economies buoying the export sector.
  • Heavy flooding in central and southern China temporarily disrupted some transport and production activities, but hasn’t had a major impact on the economy.
  • Services industries are picking up as the government eases virus control measures, with more sub-sectors such as cinemas reopened for business.
  • “As the impact of flooding subsided, production should continue to recover,” Citi economists led by Johanna Chua wrote in a report before the data was released. “New export orders may remain resilient, benefiting from the reopening of major trading partners.”

Get More

  • A sub-index of new export orders for factories rose to 49.1, and new orders also increased to 52.
  • A sub-index of manufacturing employment trended higher to 49.4 from 49.3.
  • A set of early indicators suggested China’s economy picked up speed in August, aided by a strong industrial sector and stock market, better business confidence and home and car sales.

2020 Bloomberg L.P.


Other relevant articles 
[2020-08-29 17:45:15] Czech Senate speaker leaves for Taiwan visit, angering China
[2020-08-29 09:45:19] Japan-US confirm bilateral treaty covers isles disputed with...
[2020-08-28 17:55:11] China revises list of technologies banned, restricted for export
[2020-08-28 16:50:11] Herbalife enters deferred prosecution agreement over alleged...
[2020-08-28 16:25:11] Yum China applies for Hong Kong debut amid U.S.-China tensions
[2020-08-28 09:30:11] Top Philippine diplomat recommends scrapping deals with blacklisted China firms
[2020-08-28 08:40:10] Japan factory output seen up again, pandemic clouds outlook:...
[2020-08-28 02:05:10] Asian stocks may be choppy despite U.S. Fed inflation shift,...
[2020-08-27 07:25:06] South Korea central bank cuts 2020 GDP outlook, open to more stimulus to fight virus fallout
[2020-08-27 05:50:08] China makes proposal to U.S. in concession to solve accounting...
[2020-08-27 04:55:06] Asian Stocks Down Over Rising U.S.-China Tensions
[2020-08-27 04:20:06] Chinese EV maker Xpeng increases U.S. IPO size to $1.5 billion,...
[2020-08-26 17:10:07] Exclusive: Alibaba puts India investment plan on hold amid China...
[2020-08-26 16:55:07] Volkswagen to test autonomous vehicles in Chinese city Hefei
[2020-08-26 15:20:07] U.S. targets Chinese individuals, 24 cos amid South China Sea...
[2020-08-26 13:20:07] China to import $300 billion of chips for third straight year: industry group
[2020-08-26 08:40:06] Asset managers in China tech ETF race as U.S. tensions stir...
[2020-08-26 08:25:06] China will release funds to local governments more quickly to...
[2020-08-26 03:45:08] China central bank injects $29 billion via reverse repos
[2020-08-25 14:20:04] JPMorgan to pay $1 billion for full ownership of China mutual...
[2020-08-25 12:30:05] Wall Street futures higher after U.S.-China trade deal assurance
[2020-08-25 12:25:02] Tech war chronicles: How a Silicon Valley chip pioneer landed in...
[2020-08-25 10:00:15] European Stocks Gain on U.S.-China Trade Talks; DAX Helped by GDP Revision
[2020-08-25 09:40:02] U.S.-China trade optimism boosts European stocks, DAX at month high
[2020-08-25 08:45:03] DAX Futures Climb, Helped by GDP Revision, China/U.S. Trade Talks
[2020-08-25 07:55:02] China suspends Etihad Airways Shanghai route from August 24
[2020-08-24 13:45:22] China will step up technology innovation to drive growth:...
[2020-08-24 13:15:42] Exclusive: Foxconn, other Asian firms consider Mexico factories...
[2020-08-23 06:45:18] China plans new real estate financing rules
[2020-08-23 06:20:17] With China tensions rising, U.S. joins Taiwan to mark battle...
[2020-08-22 20:35:15] Pompeo to visit Israel, UAE this week, source says; peace, Iran, China on agenda
[2020-08-22 18:55:15] China approves BlackRock, Temasek and CCB joint wealth venture
[2020-08-22 08:15:14] South Korea, China hold highest-level talks since COVID-19 outbreak
[2020-08-21 15:25:10] China promised to follow Phase One trade deal, Pompeo says
[2020-08-21 11:50:10] China will step up efforts to make breakthroughs in key...
[2020-08-21 10:30:11] Online fashion firm Boozt ups outlook again, but Amazon looms
[2020-08-21 08:30:11] China’s Yuan Gains Versus Dollar and Peers as Optimism Prevails
[2020-08-21 02:20:10] U.S. economic recovery outlook steady even as Wall St touches...
[2020-08-20 15:50:07] Kudlow says U.S. remains engaged with China over trade
[2020-08-20 15:50:07] Crypto Assets of $50 Billion Moved From China in the Past Year
[2020-08-20 11:50:07] China vows all necessary measures to protect its firms following...
[2020-08-20 11:05:06] Chinese EV maker Nio launches battery leasing service, eyes...
[2020-08-20 09:45:06] China, U.S. to hold trade talks in coming days: China commerce...
[2020-08-20 04:50:09] Asian Stocks Down Over Disappointing Fed Minutes and Rising...
[2020-08-20 02:25:10] Euro zone economic outlook steady but job recovery at high risk:...
[2020-08-19 14:45:07] GM says over 40% of new China launches in next five years will be...
[2020-08-19 08:20:07] Exclusive: GM bets on electric Cadillacs and micro-vans to...
[2020-08-19 08:15:07] Taiwan says China behind cyberattacks on government agencies,...
[2020-08-19 07:50:07] China seen keeping benchmark LPR unchanged for fourth straight...
[2020-08-19 06:55:06] Japan Exports Drop Steeply Even as China Trade Rebounds
[2020-08-19 05:50:08] No new U.S.-China talks scheduled: White House chief of staff
[2020-08-19 05:00:10] Asian Stocks Mixed, With Record U.S. Markets Run Marred By...
[2020-08-19 04:20:07] China government-backed class actions take aim at corporate fraud...
[2020-08-19 00:20:07] China, U.S. will allow air carriers to double flights between nations
[2020-08-18 23:40:05] Trump says he postponed trade talks with China
[2020-08-18 14:05:04] Opening Bell: Futures, Stocks Wobble As China-U.S. Tensions Ramp Up;...
[2020-08-18 12:30:04] Taiwan-based Apple supplier Catcher to sell two divisions to...
[2020-08-18 11:35:07] Gold Rebounds Above $2,000 Amid Escalating U.S.-China Tensions
[2020-08-18 11:35:07] Trump Pledges Tax Credits, Tariffs to Redirect Jobs From China
[2020-08-18 10:20:03] Stocks - Europe Lower Amid U.S./China Tensions and Virus Surge
[2020-08-18 10:15:03] MSCI launches climate change indexes for China stocks
[2020-08-18 09:40:03] European shares fall as U.S.-China tensions, virus cases rise
[2020-08-18 01:15:26] Macau VIP casino industry out of luck as China cracks down on...
[2020-08-17 22:40:23] Former CIA officer arrested and charged with spying for China
[2020-08-17 22:00:27] Trump vows create tax credits for firms that bring jobs back from...
[2020-08-17 15:55:22] Opening Bell: Futures Jump, Asian Stocks Rise On China Stimulus; Silver Pops
[2020-08-17 11:50:22] As U.S. targets China tech, TikTok rival Bigo shifts servers from...
[2020-08-17 05:50:22] Gold Up Over Sluggish Economic Outlook, Lingering Risk Appetite...
[2020-08-17 05:25:22] Oil Up Over China Plans To Boost U.S. Crude Imports
[2020-08-17 05:10:22] Asian Stocks Mixed, U.S.-China Trade Meeting Postponed
[2020-08-17 05:05:21] China approves 11 fixed-asset investment projects worth $5.5...
[2020-08-17 04:20:36] Dollar Starts Week on a Down Note, But Losses Capped by...
[2020-08-17 03:50:21] China central bank injects 700 billion yuan of MLF loans, rates...
[2020-08-17 03:20:21] Oil prices advance as China lines up boost in U.S. crude imports
[2020-08-16 06:25:17] China must guard against rebound in shadow lending: regulator
[2020-08-16 01:10:17] Trump says considering U.S. ban on Alibaba
[2020-08-14 19:50:11] Exclusive: China ramps up U.S. oil purchases ahead of trade deal...
[2020-08-14 19:05:11] Israel, U.S. near deal to exclude China from Israeli 5G networks:...
[2020-08-14 18:35:12] Exclusive: U.S.-China trade deal review planned for Saturday...
[2020-08-14 16:40:24] U.S. Consumer Sentiment Remains Weak Amid Pessimism on Outlook
[2020-08-14 16:30:18] Forecasters lift U.S. third-quarter outlook, but cut fourth...
[2020-08-14 15:00:13] Ant Group makes pre-listing filing in China for blockbuster IPO
[2020-08-14 13:00:15] Wall Street futures retreat as China data disappoints
[2020-08-14 11:10:11] Hong Kong second-quarter GDP shrinks 9% year-on-year, full-year...
[2020-08-14 10:10:14] Markets Look Past China, Australia Economic Data Warped by Virus
[2020-08-14 09:50:10] U.S. crackdown on Confucius Institutes demonises the program,...
[2020-08-14 08:00:15] Chinese Data withs Factory Casts Doubt on Economic Recovery
[2020-08-14 07:30:11] China Says Frozen Chicken Wings from Brazil Test Positive for Virus
[2020-08-14 07:05:10] China to launch digital currency pilot program in some cities:...
[2020-08-14 06:35:14] China produces record crude steel in July on strong demand
[2020-08-14 05:30:11] Asian stocks falter after China data disappointment
[2020-08-14 05:30:11] Sino-U.S. tensions to hurt China, U.S. and the world: stats...
[2020-08-14 04:40:10] China launches anti-subsidy probe on polyphenylene ether imports...
[2020-08-14 04:35:10] China Jan-July property investment rises 3.4% year-on-year, picks...
[2020-08-14 04:15:10] China July industrial output rises 4.8% year-on-year; retail...
[2020-08-14 03:50:10] China central bank to conduct MLF operations on Monday as 400...
[2020-08-13 18:00:13] Serbia chooses links with China to develop economy, telecoms despite U.S. warning campaign
[2020-08-13 17:10:07] Crude Oil Edges Lower as IEA Trims Outlook; U.S. Jobs Data...
[2020-08-13 15:25:07] India announces $500 million for Maldives project to counter...
[2020-08-13 13:45:07] Exclusive: ByteDance censored anti-China content in Indonesia...