China Factory Index Ticks Up, Easing Growth Fears

HONG KONG (AP) — Growth in China's sprawling manufacturing industry unexpectedly ticked higher in September, according to a report Tuesday, easing concerns about the No. 2 economy's recovery. HSBC's purchasing manager index edged up to 50.5 this month from 50.2 in August, based on a 100-point scale on which numbers below 50 indicate contraction. Analysts had expected the reading to fall for a second month, dragged down by the slumping property market.

Topics:  hong kong ap     growth   china   september   hsbc   analysts   august's pmi   july   august   index   easing   fall   reading   month   
BING NEWS:
  • China’s GDP growth beat expectations – so why are analysts and business groups still downbeat?
    China’s quarterly macroeconomic data has sent mixed signals concerning the country’s outlook while triggering fresh calls for greater stimulus measures, as new growth drivers such as electric ...
    04/16/2024 - 12:00 pm | View Link
  • China's economy grew faster than expected in the March quarter
    BEIJING, April 16 (Reuters) - China's economy grew faster than expected in the first quarter, data showed on Tuesday, offering some relief to officials as they try to shore up growth in the face ...
    04/15/2024 - 11:35 pm | View Link
  • China’s economy expands by a surprisingly strong pace in the first quarter of 2024
    Hong Kong CNN — China’s economy grew stronger than expected at the start of this year, mainly thanks to robust growth in high-tech ... purchasing managers’ index (PMI) expanded for the ...
    04/15/2024 - 9:54 pm | View Link
  • China’s Economy, Propelled by Its Factories, Grew More Than Expected
    A breakneck pace of factory investments, up 9.9 percent from a year ago, was central to China’s growth. Strong exports early this year also helped. The value of exports rose 7 percent in dollar ...
    04/15/2024 - 7:01 pm | View Link
  • Here's Why Industrial Stocks Are Set for a Tough Earnings Season
    Expect more volatility to come in the current earnings seasons. At least, that's how it looks in the industrial sector if the earnings report from industrial supply company MSC Industrial Direct (NYSE ...
    04/13/2024 - 4:20 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News