Showing posts with label export orders. Show all posts
Showing posts with label export orders. Show all posts

Thursday, 20 November 2014

China manufacturing activity hits six month low

Activity in some of China's factories and workshops hit a six month low in November, a fresh survey has shown.
The preliminary data from lending giant HSBC, called the purchasing manager's index (PMI), measures a number of variables including new export orders.
It showed that factory output contracted in November for the first time in six months.
China's manufacturing sector is a key driver of its economy, which is key to global growth.
The preliminary PMI reading came in at