Forum Views ()
Forum Replies ()
Read more with google mobile :
China manufacturing at 12-month high, index shows
Yahoo!
My Yahoo!
Mail
Yahoo! Search
Search:
Sign InNew User? Sign Up
News Home -
Help
Navigation
Primary Navigation
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Top Stories
Most Popular
Secondary Navigation
Singapore
Asia Pacific
World
Search
Search:
China manufacturing at 12-month high, index shows
AFP - Monday, August 3
BEIJING (AFP) - - Manufacturing in China hit a 12-month high in July mainly driven by domestic demand, a leading independent index showed Monday, in a further sign the economy is recovering.
ADVERTISEMENT
The CLSA China Purchasing Managers Index, or PMI, a closely watched indicator in the world's third-largest economy, rose to 52.8 last month, the highest since July 2008, when it stood at 53.3.
A reading above 50 means the sector is expanding, while a reading below 50 indicates an overall decline.
Domestic demand was the principal driver of new order growth while external demand remained lacklustre in July despite rising for a second successive month, the CLSA said in a statement.
Job creation in the sector was the strongest since May 2008, it said, without giving a figure.
The independent reading confirmed official data released over the weekend suggesting that the recovery trend of the key sector is consolidating.
Figures published by the China Federation of Logistics and Purchasing on Saturday showed the sector expanded in July for the fifth consecutive month to 53.3, up from 53.2 in June.
The official index tends to be more upbeat because it attaches greater weight to state-owned enterprises, which usually follow government directions and benefit first from stimulus policies, analysts have said.
China's economy expanded by 7.9 percent in the second quarter, up from 6.1 percent in the first quarter, mainly as a result of massive government spending amid the global crisis.
Beijing announced a four-trillion-yuan (585-billion-dollar) stimulus package last year in a bid to prop up growth in the country by boosting investment in infrastructure and other government-backed projects.
The PMI sank to a record low of 38.8 in November as the global financial crisis bit, but improved continuously in the following months, moving above 50 in March.
Manufacturing accounts for more than 40 percent of the economy in China, which has been hit hard by evaporating demand for its products in key export markets such as the United States and Europe.
Email Story
IM Story
Printable View
Blog This
Sign in to recommend this article »
0 users recommend
Related Articles: China's Economy
GLOBAL MARKETS-Banks, China kick equities to 2009 highReuters - Tuesday, August 4
China Vanke sees more home supply, lifts targetReuters - Tuesday, August 4
GM China July sales up 77.7%: companyAFP - Tuesday, August 4
Taiwan's D-Link signs China distribution dealReuters - Tuesday, August 4
Related Articles: Business
SKorean July inflation at nine-year lowAFP - Monday, August 3
South African Markets - Factors to watch on Aug 3Reuters - Monday, August 3
Suzuki Q1 profit down 80 pct, keeps forecastReuters - Monday, August 3
S.Lanka to raise $150 mln from dollar bonds-cenbankReuters - Monday, August 3
Seoul shares end firm helped by auto, tire issuesReuters - Monday, August 3
Enlarge Photo
China manufacturing at 12-month high, index shows
Related Photos
Slideshow Full Photo Coverage: Business & Economy
Related Full Coverage
China Economy
china economy
All Full Coverage
Most Popular – Business
Viewed
Organic food not healthier, says British study
Comets probably won't cause the end of life as we know it: study
Beer flows as Obama tries to cool down a hot furor
Madonna writes of her spiritual awakening
Swine flu: rich nations' spending spurs ethics row
View Complete List »
Search:
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Top Stories
Most Popular
Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved.
Privacy Policy
- Terms of Service
- Community
- Intellectual Property Rights Policy
- Help
Other News on Monday, 3 August 2009 Iraqi PM, Kurd president meet over land, oil feud
China's Cosplay craze blurs fantasy and reality
Khatami condemns Iran's "show trial" of reformists
Officials see US economic growth in 2nd half
Iraqi PM, Kurd president meet over land, oil feud
| International
|
Iraq's Tareq Aziz gets 7 years jail in Kurds case
Iran hardliners accuse opposition of 'treason'
End of US economic crisis 'getting very close'
Latest in string of west Iraq bombings kills six
Israel opens West Bank road to Palestinian traffic
Afghan attacks kill five Western soldiers
China energy efficiency 'improves in first half'
China bans bad breath in space: report
Obama officials eye more jobless aid, weigh taxes
N.Korea agrees to streamline border crossing
Teller Nabs Would-Be Robber, Gets Fired
US aviator shot down in Iraq in 1991 identified
Federal Agents Seize Skin Care Products
LaGuardia terminal evacuated in NYC, 1 in custody
Wis. jury: Father guilty in prayer death case
Warship christened at Maine shipyard for NY Marine
Computer glitch downs JAL's domestic flights
No joke: Funny People falls flat at box office
| Entertainment
|
US-ENTERTAINMENT Summary
No joke: "Funny People" falls flat at box office
Newly discovered Mozart works played in Austria
US commander weighs more troops in Afghan war
IEA official warns of shrinking oil supplies: report
Iran leader approves Ahmadinejad presidency: TV
| International
|
Shares of smartphone maker HTC plunge on outlook
Virgin Media considers UK secondary listing: report
Key reformist figures on trial in Iran
Bomb kills 12, wounds 26 in west Afghanistan
| International
|
Ford records rare uptick in monthly sales: report
Microsoft to ship IE with Windows 7 in Europe
Conservative seeks trials for Iran bloodshed
50 Palestinians evicted from their Jerusalem homes
GIs, out of Iraq cities, have time on their hands
Five foreign troops killed in Afghanistan
| International
|
China says Uighur leader's children condemn mother
| International
|
Myanmar activist awarded Asia's Nobel prize
| International
|
Pentagon eyes accelerated "bunker buster" bomb
Budget woes, recession challenge day-labor centers
Pair of longtime Mich. fast-food workers retire
Gulf War pilot's remains found in Iraq desert
Wal-Mart worker bitten by accused shoplifter
Seattle bank teller chases robber, loses job
King salmon vanishing in Alaska, smokehouses empty
Aryan Nations gone, but stain remains in Idaho
S.Korea c.bank to recover all FX loans to banks
Korea Hot Stocks
Poverty saps local interest in Suu Kyi trial
RPT-UPDATE 1-S.Korea July exports down 20 pct, less than f'cast
S.Korean bonds steady; caution after upbeat data
New Zealand voter economic confidence soars-poll
Seoul shares open firm helped by auto, tech issues
Georgia refugees adapt to life in settlement camps
The serious side of the Funny People aftermath
| Entertainment
|
'Funny People' has last laugh at box-office top spot
Pianist plays newly discovered Mozart pieces
Researchers unveil Mozart piano pieces in Austria
Spielberg hops onto update of rabbit tale 'Harvey'
Leonard Cohen's Israel concert sells out in a day
Mark Wahlberg marries girlfriend Rhea Durham
Iran leader endorses Ahmadinejad but rivals absent
Canada extradites arms dealer to Germany
Iran leader approves Ahmadinejad's second term
| International
|
Panasonic announces Q1 net loss of 560 mln dlrs
HSBC says profit slumps 57% as bad debts leap
Afghan bomb blast kills 12 ahead of vote
Historic criminal trials go online
Afghan city bombing kills 12: police
Barclays Bank first-half profits soar by 10%
China seals off town after plague kills two
| International
|
American with cold misses ill-fated hike into Iran
Scientists find cannabis trigger for forgetfulness
Officials see US economic growth in 2nd half
Pakistan court adjourns leaving Lashkar founder free
| International
|
Criticism grows over Colombia's U.S. military plan
| International
|
Israel's Lieberman says will quit if indicted
| International
|
Somali pirates get $2.7 million ransom for German ship
| International
|
Qaeda tells Obama conditional truce offer stands
| International
|
WITNESS: Aquino's people power swept up reporters, too
| International
|
Nigerians count cost after uprising by Islamic sect
| International
|
Guantanamo inmates may move to special jail: report
Obama walks Russia-Georgia tightrope
Google CEO Schmidt to quit Apple board
| Technology
|
Japan eyes e-politics as political rivalry grows
| Technology
|
Microsoft's Bing gains another 1 percent of U.S. search
| Technology
|
LA tries test to find kids likely to join gangs
Indonesia budget sees 5.0 pct growth next year
SKorean July inflation at nine-year low
Seoul shares end firm helped by auto, tire issues
China manufacturing at 12-month high, index shows
Indonesia's drug fight pushes prison AIDS explosion
No sign of missing plane in Indonesia: official
Private donors help Versailles recover its splendor
Plane carrying 16 disappears over Indonesia
Plane carrying 16 disappears over Indonesian Papua
Billboard singles reviews: Brad Paisley, Jay-Z
| Entertainment
|
Court Orders Graduate Student To Pay Nearly $700,000 For Downloading Just 30 Songs Illegally
Explosive Stolen From Washington State Port, Feds Investigating
Teller Nabs Would-Be Robber, Gets Fired
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights