This is a discussion on CNY News within the Analytics and News forums, part of the Trading Forum category; China's consumer sentiment decreased marginally in January, results of a survey by MNI and Westpac showed Wednesday. The Westpac-MNI consumer ...
China's consumer sentiment decreased marginally in January, results of a survey by MNI and Westpac showed Wednesday.
The Westpac-MNI consumer sentiment index edged down to 112.1 in January from 112.5 in December.
In November, the index was at 111.
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China's service sector expansion slowed to a six month low in January, as the growth in new business and output was weak, estimates released by Markit Economics and HSBC Bank showed Wednesday.
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China's trade surplus rose to a record high in January as imports plunged at the fastest rate in more than five years and export unexpectedly declined, figures from the customs office showed Sunday.
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China's manufacturing sector rebounded unexpectedly in February as the PMI rose to its highest level in four months, flash figures from Markit Economics showed Wednesday. The HSBC flash manufacturing purchasing managers' index, or PMI, rose to a four-month high of 50.1 in February from 49.7 in January. Economists expected the index to come in at 49.5.
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China's industrial production and retail sales growth slowed more-than-expected at the start of the year, reflecting moderation in growth momentum, data revealed Wednesday. Industrial production increased 6.8 percent year-on-year in the January to February period, the National Bureau of Statistics said. The annual growth was forecast to slow to 7.7 percent from 7.9 percent.
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A leading economic index for the Chinese economy jumped 1.5 percent in February, the Conference Board said on Tuesday, to a score of 317.6.
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The manufacturing sector in China moved into contraction territory in March, the latest survey from HSBC Bank showed on Tuesday, with a PMI score of 49.2.
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China's industrial profits dropped in the first two months of the year, the National Bureau of Statistics revealed Friday.
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China on Monday relaxed rules on downpayment requirements and housing tax for home buyers, as policymakers try to revive momentum in the slowing property market that poses risks to overall economic growth.
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China's reserve requirement ratio reduction by 100 basis points announced Sunday was the biggest such cut since the financial crisis. The People's Bank of China lowered the amount set aside by banks as reserves to 18.5 percent effective Monday. This was the second reduction this year, an action taken after the economy logged its weakest growth in six years.
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