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Oct 15, 2012

China’s Sept inflation gives policymakers a breather

BEIJING (Reuters) – Benign inflation data for September offered further evidence on Monday that China’s pro-growth policies are gaining traction while leaving scope for further tweaks, giving officials breathing room as they approach a once-a-decade leadership transition.

Subdued consumer prices, signs that lending is finally perking up and the approaching end to the destocking cycle, along with stable employment, could allow policymakers to argue that steps taken earlier this year have worked, while leaving plenty of space to spur faster growth in the winter after a new generation of leaders takes over the ruling Communist Party.

Oct 9, 2012

China Sept CPI seen softer, PPI set for steep drop

BEIJING (Reuters) – China’s annual consumer price inflation likely softened to 1.9 percent in September, flirting with July’s two-and-a-half year low, with producer prices set to record their steepest drop since October 2009, a Reuters poll of 26 economists found.

Easing consumer prices and outright falls in factory gate prices are fresh signs that the world’s second-biggest economy is struggling to escape the tug of a global slowdown that has set China on course for its weakest full year of growth since 1999.

Oct 8, 2012

HSBC China services PMI recovers to 54.3 after one-year low

BEIJING (Reuters) – China’s services sector rebounded in September after its growth hit a one-year low in August, according to a private sector survey on Monday that follows last week’s much more gloomy official assessment.

The HSBC services sector Purchasing Managers’ Index rose to 54.3 in September from 52.0 in August, rebounding to its highest level since May thanks to an uptick in the new business sub-index to 54.0 – also the highest level in four months.

Oct 3, 2012

China services PMI falls to lowest in nearly two years

BEIJING (Reuters) – China’s normally robust services sector weakened sharply in September to its lowest point since November 2010, as slow growth in manufacturing finally began to feed through to the rest of the economy, an official survey showed on Wednesday.

The official purchasing managers’ index (PMI) for the sector fell to 53.7 in September from 56.3 in August, weighed by weakened construction services and transport as well as lackluster new orders overall, according to the latest survey from the National Bureau of Statistics.

Oct 1, 2012

Global Economy – Europe, Asia manufacturing wilts again in Sept

LONDON/BEIJING (Reuters) – Factory output in Europe and Asia wilted again in September, flagging a return to recession for the euro zone and a seventh straight quarter of slowing growth in China, business surveys showed on Monday.

The data showed companies across the world have yet to feel the benefit of aggressive monetary stimulus launched by the world’s major central banks over the last two months.

Oct 1, 2012

Europe, Asia manufacturing wilts again in September

LONDON/BEIJING (Reuters) – Factory output in Europe and Asia wilted again in September, flagging a return to recession for the euro zone and a seventh straight quarter of slowing growth in China, business surveys showed on Monday.

The data showed companies across the world have yet to feel the benefit of aggressive monetary stimulus launched by the world’s major central banks over the last two months.

Oct 1, 2012

Asian factory sector struggles to shake off euro malaise

BEIJING/TOKYO (Reuters) – Asia’s manufacturers are continuing to struggle in the face of tepid demand from the United States and Europe, according to business surveys and data releases on Monday that underlined the fragility of the global economy.

More data later is expected to confirm that the euro zone is mired in recession while the prospects of a firmer U.S. recovery remain delicately balanced.

Oct 1, 2012

China September official factory PMI ticks up; growth seen slow

BEIJING (Reuters) – China’s economy offered more evidence of a seventh straight quarter of slowing growth on Monday, with an official survey of factory managers remaining in contractionary territory for a second successive month despite improving from August’s low.

China’s official factory purchasing managers’ index rose to 49.8 in September from 49.2 in August, the National Bureau of Statistics said on Monday. August had marked the lowest reading since November 2011, as the world’s second-biggest economy struggles against cooling exports, factory output and fixed asset investment.

Sep 20, 2012

China manufacturing shrinks for 11th month

BEIJING (Reuters) – Manufacturing in China contracted for the 11th month in a row in September, according to a private sector survey of factory managers that indicated the world’s second largest economy remains on track for a seventh quarter of slowing growth.

The HSBC Flash China manufacturing purchasing managers’ index (PMI) showed activity stabilized in September after hitting a nine-month low in August, with the headline reading ticking up to 47.8 from 47.6 last month.

Sep 20, 2012

China manufacturing shrinks for 11th month-HSBC survey

BEIJING, Sept 20 (Reuters) – Manufacturing in China
contracted for the 11th month in a row in September, according
to a private sector survey of factory managers that indicated
the world’s second largest economy remains on track for a
seventh quarter of slowing growth.

The HSBC Flash China manufacturing purchasing managers’
index (PMI) showed activity stabilized in September after
hitting a nine-month low in August, with the headline reading
ticking up to 47.8 from 47.6 last month.

    • About Lucy

      "I am the Reuters Insider correspondent in China, where I have lived for ten of the last 15 years. Prior areas of coverage include political and general news, as well as commodities and energy policy and markets."
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