In China, the Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) for August rose to a five-month high of 50.4 from 49.9 in July, beating a median market forecast and exceeding the 50-point level that separates contraction from growth on a monthly basis.
The headline seasonally adjusted Purchasing Managers Index, a composite indicator created to provide a single-figure snapshot of operating conditions in the manufacturing economy, rose from 49.9 in July to 50.4 in August, signalling a renewed improvement in the overall health of the sector.
British manufacturing contracted last month at the fastest rate in seven years, rocked by the deepening Brexit crisis and the global downturn, boding poorly for the chances of an economic rebound in the third quarter, a survey showed on Monday.
Expectations of future output rose to their highest level in more a year, the survey showed.
"Stepping back, the big picture is that the PMIs remain consistent with a renewed slowdown in year-on-year economic growth".
The large food and beverages sector, which has been continually expanding since June 2012 and helping prop up the PMI results, gained again in August but recorded its slowest rise since November 2016.
The survey comes after official figures showed India's economy grew at an annual rate of 5 per cent last quarter, its slowest in more than six years and significantly weaker than 5.7 per cent in a Reuters poll.
The August data marked a "temporary green blip", according to Stephen Innes, a market strategist for Asia Pacific at AxiTrader.
The subdued sales to domestic and worldwide clients in turn curbed output growth, which softened to the weakest in a year.Читайте также: Over 30 feared dead after boat engulfed in flames off California coast
New orders received by construction companies have dropped in each month since April and August saw the fastest rate of contraction since March 2009.
But there are signs the economy may start to lose the support from consumption and capital expenditure.
"Japan may slide into recession around the time the sales tax hike takes effect", he added. "The subindex for stocks of purchased items fell further into negative territory, reflecting manufacturers" growing reluctance to replenish inventories.
In Japan's case, the situation is not entirely due to the China-US trade dispute.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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