Beijing (AFP) - China's manufacturing sector saw a surprise pick-up in September, a closely watched survey showed Tuesday, providing some respite after a string of weak data pointing to a slowdown in world's second-largest economy.
Markit has new reports out today on service activity in China and Japan.The former shows a bit of growth, the latter contraction. Because the reports are diffusion indices that give no weighting to the size of the companies reporting, one must look at these reports with a broad brush.Japan Business Activity Contracts
BEIJING (Reuters) - Growth in China's factories slowed slightly in December as export orders and output weakened, official data showed on Wednesday, adding to views that while the world's second-largest economy remains resilient, it lost some steam in late 2013.
Econ Grapher submits:This week we review some of the recent data out of China; first up is a look at the recent slowing in industrial production, followed by signs of slowing in consumer spending. Then we look at the inflation results, which show a potentially short term pick up in inflation. Finally we examine the growth of the money supply and growth in lending; where both measures are slowing due to recent policy moves to install a managed slowdown to counter potential overheating and asset bubbles.
Michael Johnston submits:China’s Purchasing Managers Index rose for the tenth consecutive month in December, signaling a steady expansion in the country’s manufacturing sector. According to the China Federation of Logistics and Purchasing, the index increased to 56.6 in December, up from 55.2 in November. A reading above 50 indicates growth, while a reading below 50 indicates contraction. Of the 11 categories that compose the PMI, nine rose, one fell, and one was unchanged in December compared with November.
Financial data provider Markit Ltd. (MRKT) just released its monthly numbers for the US flash Purchasing Managers’ Index (PMI), an early indicator of industrial and manufacturing activity. The latest reading for the month of June was 57.5, above consensus expectations of 56.5.