China Manufacturing Gauge Unexpectedly Declines in April
Tuesday, 30 April 2019 08:21 WIB | ECONOMY |PMI China

The first official gauge of China's manufacturing sector fell in April, signaling that the economic stabilization seen in the first quarter remains fragile.

The manufacturing purchasing managers index stood at 50.1, down from 50.5 last month, while the non-manufacturing PMI -- a gauge of services and construction -- stood at 54.3 versus 54.8.

Economists had expected the the data to be basically unchanged from March, when the factory gauge rebounded over the reading of 50 and back into expansion territory

That comes after a stronger-than-expected first quarter, when gross domestic product expanded 6.4 percent and industrial output jumped 8.5 percent

"I expect the economy will see a double dip later this year, so will PMI," Larry Hu, head of Chinese economics at Macquarie Securities Ltd., said before the data was released.

Source : Bloomberg

RELATED NEWS

U.S. Business Gauge Posts First Contraction Since 2013 on Virus
Friday, 21 February 2020 21:54 WIB

U.S. business activity shrank in February for the first time since 2013 as the coronavirus hit supply chains and made firms hesitant to place orders, a warning sign that the outbreak is starting to dent the world™s largest economy. The IHS Markit purchasing managers™ index measuring&n...

U.K. Economy Is Picking Up Despite Coronavirus Concerns
Friday, 21 February 2020 16:42 WIB

The U.K. economy continued a run of better-than-expected growth in February, more evidence of a rebound after fourth-quarter stagnation. While the expansion continued apace, there were also signs of a hit to supply chains from coronavirus, according to IHS Markit's flash purchasing managers index. ...

German Economy Faces Coronavirus Hit as Export Orders Sink
Friday, 21 February 2020 15:45 WIB

Germany's economy is facing renewed pressure from beyond its borders as export orders plunge and manufacturers worry about the impact of the coronavirus outbreak on their supply chains. The latest purchasing managers index from IHS Markit shows industry still in a contraction, and expectations for ...

French Economy Relies on Services as Factory Output Shrinks Anew
Friday, 21 February 2020 15:29 WIB

France increased its dependence on the service sector for economic growth this month, as factories grappled with issues including the coronavirus outbreak and the discontinuation of Boeing's 737 Max airplane. While a Purchasing Managers Index from IHS Markit showed an unexpected pickup in overall m...

UK Retail Sales Rebound In January After Weak End To 2019
Thursday, 20 February 2020 16:55 WIB

British shoppers started spending again at the start of this year after a very sluggish end to 2019, adding to signs that improved sentiment since December's election is translating into stronger economic activity. Retail sales volumes rose 0.9% on the month in January on a seasonally adjusted basi...

POPULAR NEWS
Thursday, 20 February 2020 01:49
Gold futures tally a fifth straight session climb
Friday, 21 February 2020 01:51
Gold futures mark highest settlement in 7 years
Wednesday, 19 February 2020 15:54
Gold Prices Up; Fed Minutes Eyed
ANOTHER NEWS
Menlu AS Pompeo Temui Pemimpin Baru Oman
Saturday, 22 February 2020 02:10 WIB Menteri Luar Negeri AS Mike Pompeo tiba di Oman hari Jumat (21/2) untuk mengadakan pertemuan dengan pemimpin baru negara itu, Sultan Haitham bin Tariq Al Said. Pompeo dijadwalkan akan memberikan penghormatan kepada kerabat Sultan Qaboos bin Said,...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.