Factory activity in China plunged more than expected last month, official data showed yesterday, suggesting that the industrial sector continued struggling as it grappled with tight power supplies and surging raw material costs.
The key purchasing managers’ index (PMI) a gauge of manufacturing activity in the world’s second-largest economy fell to 49.2 last month, down from 49.6 in September, the National Bureau of Statistics (NBS) said.
This marks the second straight month in which China’s PMI dipped below the 50-point mark separating growth from contraction.
A poll of economists had pegged the reading at 49.7, which would have been a slight
China’s Factory Prices Surge Amid Higher Commodity Costs, Supply Shortages
Inflationary pressure in China continued to build in April as factory-gate prices jumped at the fastest pace in three and a half years and consumer prices rose the most since September, official data showed Tuesday,
The producer price index (PPI), which gauges changes in prices of goods circulated among manufacturers and mining companies, rose 6.8% year-on-year, accelerating from a 4.4% pace in March, data from the National Bureau of Statistics (NBS)
showed (link in Chinese). That was the biggest jump since October 2017 and exceeded the median estimate of a 6.5% rise in a
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Exports in April grew a robust 32% in April, also suggesting global recovery is on track Published: May 07, 2021 17:48 Bloomberg The US remained the top export market for Chinese goods through April. Image Credit: Bloomberg
Beijing: China s exports rose more than expected in April, suggesting its trade out-performance could last longer than expected this year, fueled by global fiscal stimulus.
Exports grew 32.3 per cent in dollar terms in April from a year earlier. Imports climbed 43.1 per cent, a sign of strong domestic demand and soaring commodity prices, resulting in a bigger-than-expected trade surplus of $42.85 billion for the month.
Global appetite for Chinese goods remained strong in the month, thanks to stimulus packages introduced by developed economies that s helped to fuel demand for household goods, furniture and electronic devices. With vaccine rollouts accelerating and more economies opening up,