| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy


Finfacts changes from 2015

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Global Cost of Living

Irish Tax - Income/Corporate

 

Feedback

 

Content Management by interactivetools.com.

Asia Economy Last Updated: May 21, 2015 - 8:24 AM


China's manufacturing contracted for third straight month in May; Japan in slight rise
By Michael Hennigan, Finfacts founder and editor
May 21, 2015 - 6:33 AM

Email this article
 Printer friendly page

China's manufacturing sector contracted for a third straight month in May according to a "flash" PMI (purchasing managers' index). Meanwhile Japanese manufacturing returned to growth in the month.

The flash China Manufacturing PMI at 49.1 in May (48.9 in April) was at a two-month high while the flash China Manufacturing Output Index at 48.4 in May (50.0 in April) was a 13-month low. The 50 mark is the no-change level.

The HSBC Flash PMI is published on a monthly basis ahead of final PMI data. The estimate is typically based on approximately 85%¡V90% of total PMI survey responses each month and is designed to provide an accurate indication of the final PMI data. May final PMI data will be released on 1 June 2015.

Annabel Fiddes, economist at Markit, which compiles the survey, said: "The Flash China Manufacturing PMI pointed to a further deterioration in operating conditions in April, with production declining for the first time in 2015 so far. Moreover, softer client demand, both at home and abroad, along with further job cuts indicate that the sector may find it difficult to expand, at least in the near term, as companies tempered production plans in line with weaker demand conditions. On a positive note, deflationary pressures remained relatively strong, with both input and output prices continuing to decline, leaving plenty of scope for the authorities to implement further stimulus measures if required."

Business confidence in China recovered slightly in May after falling to its lowest since early 2009, boosted by strong share performances and recent moves by the People's Bank of China to ease monetary policy.

The MNI China Business Indicator showed its first month-to-month rise since December, rising from 48.8 in April to 49.7 this month — but still negative.

MNI, is a unit of Deutsche Börse Group, which surveys 200 companies listed on the Shanghai and Shenzhen stock exchanges. It reported that the survey maybe a "tentative sign that the more pro-active policy stance from the authorities seen since the latter part of 2014 could be starting to have an impact."

In Japan the flash Japan Manufacturing PMI at 50.9 (49.9 in April) indicated a light improvement in operating conditions in May. Flash Japan Manufacturing Output Index at 51.7 (49.3 in April) showed production up at a moderate pace.

Amy Brownbill, economist at Markit, said: “Reflective of an overall improvement in operating conditions at Japanese manufacturers was a return to growth of both production and new orders in May. Moreover, the rates of expansion were faster than their respective long-term averages. Subsequently, employment rose at the quickest rate since December last year, while buying activity increased for the third time this year so far. “Meanwhile, input prices increased at the weakest rate in the current 29-month sequence of inflation, while charges stabilised, following a three-month period of decline.”

Related Articles


© Copyright 2015 by Finfacts.ie

Top of Page

Asia Economy
Latest Headlines
IMF defers renminbi reserve decision; Devaluations losing firepower
Japan's trade deficit widens and GDP falls despite 33% yen devaluation
China's exports slide in July; Fx reserves dip $42.5bn in month
Chinese manufacturing PMI falls for 5th straight month in July; Japan at 5-month high
China's overseas investments to surge; Ireland got €99m of €46bn invested in EU in 2000-2014
China to overtake US economy in 2026; Income per capita will be 50% of US in 2050
Manufacturing activity in China and Japan contracted in June
China's manufacturing contracted for third straight month in May; Japan in slight rise
Asia accounts for 40% of global output, two-thirds of global growth
China's exports unexpectedly fell in April 2015 after March dip
China's growth in 2015 at slowest since early 2009
China's 2015 foreign trade continues to slide
Singapore remains world’s top location for business on 50th anniversary of independence
China's manufacturing activity fell to a 11-month low in March
China in surprise rate cut to boost sagging economy
Chinese Lunar New Year: Year of the Wood Goat begins this week
China’s manufacturing shrunk in January; Regional rise except Indonesia
Profits of Chinese industrial businesses plunged in 2014
China's growth in 2014 fell to a 24-year low
Services activity in China, Japan and India in moderate rises in December
China’s manufacturing industry remains competitive despite rising wages
China revises 2013 GDP up 3.4% to 56.5% of US economy size
China's manufacturing contracts in December; Japan's grows
China's imports slide in November; Emerging markets slow
Manufacturing PMI stalled in China in November; Fell in Korea, Indonesia , grew in India
China's manufacturing output contracted in November; Japan's accelerated
Ireland not among top 67 destinations for Chinese outbound FDI in 2014
Japan fell into recession in third quarter of 2014
Services slowed in China, contracted in Japan and stagnated in India in October
Manufacturing in South Korea/ Indonesia contracted in October; India in slight rise
Two Chinese manufacturing reports show trading near stagnation levels
Bank of Japan raises money printing target; Spending and wages plunge
China's manufacturing stagnates, Japan in moderate growth
China’s economy in third quarter grew at slowest pace in five years
Chinese exports jump in September; "Sadness will return soon"
World Bank cuts growth forecasts for developing East Asia including China
Japanese business confidence slightly improves; Manufacturing sector weak
Developing Asia remains fastest-growing region in world in 2014
Chinese manufacturing PMI rose slightly in September
Japan reports 26th straight monthly trade deficit; Public debt tops ¥1,000tn