China's Economy Dials Back a Notch as Output and Investment Slow
Thursday, 14 June 2018 09:19 WIB | ASIA |ekonomi

China's economy showed signs of losing steam in May, with an unexpected slowdown in factory output and lackluster investment and consumption.

Industrial output rose 6.8 percent in May from a year earlier, versus a projected 7 percent in a Bloomberg survey, which was also the reading in April.

Retail sales expanded 8.5 percent from a year earlier, versus a forecast 9.6 percent.

Fixed-asset investment rose 6.1 percent year-on-year in the first five months, compared with an estimated 7 percent.

Surveyed jobless rate in urban areas fell to 4.8 percent from 4.9 percent in April.

With a sharp deceleration in credit growth and the threat of a worsening trade dispute with the U.S., Chinese businesses face an increasingly uncertain outlook. The central bank has tried to support growth by increasing liquidity.

œGoing forward, the real economy will be under even higher pressure" as investment continues to slowdown, and relations with the U.S. continue to be tense, Alicia Garcia Herrero, chief Asia-Pacific economist at Natixis SA, wrote in a recent note.

Source: Bloomberg

RELATED NEWS

Japan's Wage Gains Accelerate in November Despite Gloomy Outlook
Wednesday, 9 January 2019 07:18 WIB

Japanese wages rose more than expected in November, offering hope of stronger consumer spending that could fuel inflation if gains are sustained. Overall labor cash earnings increased 2 percent from a year ago, compared with a 1.5 percent gain in October. The gain was the fourth increase of at leas...

Japan's Household Spending Falls as Wage Gains Remain Subdued
Friday, 7 December 2018 08:32 WIB

Japanese households unexpectedly trimmed spending in October as wages rose modestly, pointing to continued weakness in consumption that could weigh on any rebound from an economic contraction in the third quarter. Household spending fell 0.3 percent from a year earlier, the seventh declin...

Australia's Economy Expands Less Than Expected; Currency Drops
Wednesday, 5 December 2018 08:08 WIB

Australia's economy expanded less than expected in the three months through September amid sluggish consumption and as commercial construction declined. The currency slumped almost half a U.S. cent. Gross domestic product rose 0.3 percent from the second quarter versus economists' median estim...

Caixin PMI: China factory activity rose in October
Thursday, 1 November 2018 11:33 WIB

Activity in China's factories returned to expansion territory in October after stagnating in September, a private gauge showed, in contrast with official data that showed weaker expansion. The Caixin China manufacturing purchasing managers' index edged up to 50.1 in October from 50.0 in September, ...

China Manufacturing PMI Worsens in October as Trade War Bites
Wednesday, 31 October 2018 08:17 WIB

An official gauge of activity in China's manufacturing sector worsened in October as the effects of an ongoing trade war with the U.S. hit home. The manufacturing purchasing managers index fell to 50.2 this month from 50.8 in September, missing the median prediction of 50.6 in a Bloomberg survey of...

ANOTHER NEWS
Dollar Crumbles to New Lows vs. Euro, Yen on U.S. Rate Cut Bets
Tuesday, 25 June 2019 17:26 WIB The U.S. dollar fell to a three-month low against the euro and dropped to its weakest against the Japanese yen since early January as the prospect of monetary easing by the Federal Reserve knocked demand for the U.S. currency. The euro hit a...

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.