China: Services sector improves further – UOB
01.09.2020, 11:42

China: Services sector improves further – UOB

FXStreet reports that UOB Group’s Economist Ho Woei Chen, CFA, assessed the latest set of Chinese data releases.

“China’s official manufacturing Purchasing Manager’s Index (PMI) expanded for the 6th straight month in August, though the reading came off slightly to 51.0 from 51.1 in July. This was mainly due to the moderation in production (53.5 from 54.0 in July) and a decline in inventory (47.1 from 47.6 in July) which may be due to flooding in parts of China.”

“The official non-manufacturing PMI surged by 1.0 point to 55.2 in August from 54.2 in July, the highest since January 2018. Services sector especially those in retail and tourismrelated industries have been hard-hit by the COVID-19 pandemic. Despite the recovery in the manufacturing activities, retail sales have yet to turn positive by July. The stronger nonmanufacturing PMI in August may assuage concerns about demand-side weakness.”

“The official manufacturing and non-manufacturing PMIs suggest that China’s economic recovery has continued into 3Q20. We maintain our forecast for the GDP growth to accelerate to around 4.9% y/y in 3Q20 from 3.2% y/y in 2Q20. At the same time, we remain vigilant of risks including floods, resurgence in COVID-19 both domestically and in its key markets as well as the US-China relations.”

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik