Chinese New Year fails to stimulate factory output

default_image

© Khunaspix Dreamstime.

By LoadstarEditorial

05/02/2015

An expected spike in China’s factory production in January in the buildup to a late Chinese New Year failed to materialise, with the official purchasing manager’s index (PMI) falling to a level not seen since 2012. According to the JoC, China’s National Bureau of Statistics released the factory output data that showed manufacturing activity in the country had fallen to 49.8 in January, edging below the 50-point level that separates growth from contraction.

Read more...

Comment on this article

You must be logged in to post a comment.

Topics

The China conundrum automation China Logistics Group Congestion indigestion Merger Mania Rates - the eternal tango

Most Read

MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'

Urgent call for breakdown of cargo onboard as General Average declared on Dali

Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker

Flexport is 'back on track' – now it needs to start growing again

Hong Kong drops out of world's top 10 busiest container ports

'Slow season' and ocean network stabilisation easing pressure on rates

Bottlenecks and price hikes as airlines now avoid Iran airspace

Kuehne + Nagel reshuffles the suits – leaks, views, sights

Vehicle imports clogging up terminals at European auto ports

Iran may now pose a threat to multimodal supply chains via Dubai

Capture of MSC Aries will further drive up Indian export costs

US splashes out to grab a slice of the semiconductor manufacturing pie

Ammonia, not methanol, will be the 'green fuel of the future'

Looks like rain: Panama Canal Authority eyes return to normal service

Soaring air freight rates may level out as summer capacity takes off

Adjustors sharpen pencils on rumours Dali owner called General Average