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September goods China manufacturing PMI hit a low of 6 and a half years

enlarge font  reduce font Release Date:2015-09-01   Browse Times:4669
September goods China manufacturing PMI hit a low of 6 and a half years

A closely watched survey showed Chinese manufacturing conditions worse than expected. The news will make people more believe that the federal reserve (Fed) will take action until after next year.

In September, sponsored by new fortune (Caixin) manufacturing purchasing managers' index (PMI), 47, initial values for the lowest level since April 2008, economists predicted value is 47.5.
Caixin think-tank (Caixin Insight Group) chief economist, he said,
China's manufacturing industry "is in a critical period of structural adjustment.

Overall good economic fundamentals. The main reason for the slowdown in manufacturing and related factors of external demand and price changes before. August sharply increased fiscal spending, further intensifies the efforts in fiscal spending. To see steady growth policy work, may need some patience.

For the first time since the fed announced the delay increases manufacturing PMI first important figures released by the Chinese. The federal reserve said last week, due to the global market turmoil and slowing growth in emerging economies, will likely to raise interest rates later. This means that China's economic health may be greater role in deciding on U.S. monetary policy path.

The data reading last more than 50 (distinguish between activities of contraction and expansion from the line) is in February. Reading of 47.3 in August.

Caixin PMI investigation object is a private enterprise, the sample is far less than the official PMI surveys, and readings are often volatile. China’s official PMI survey focus on large and medium-sized state-owned enterprises.

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