China factory activity slows in August as flooding hits business

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

BEIJING: Factory activity in China slipped slightly in August, according to official data published Monday, as the country grappled with the fallout f...

Factory activity in China slipped slightly in August, according to official data published Monday, as the country grappled with the fallout from widespread floods.

But in August, that rebound slowed a little with the PMI inching down to 51.0 from 51.1 in the previous month. Nomura economists had warned earlier this month that while there was likely to be strong recovery among high-tech industries in August, resurgent flooding in mid-August"could impact both production and demand along the Yangtze River".

The August PMI was also below analyst expectations reflected in a Bloomberg poll, which forecast a climb to 51.2.In February, the index plunged to 35.7 points after the coronavirus brought much of China to a standstill.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China factory activity slows in August as flooding hits businessChina factory activity slows in August as flooding hits business
Source: theSundaily - 🏆 25. / 51 Read more »

China factory activity slows in August as flooding hits businessWASHINGTON: US President Donald Trump on Sunday praised outgoing Prime Minister Shinzo Abe as Japan's best head of government ever. In a late night tw...
Source: theSundaily - 🏆 25. / 51 Read more »