Economist at UOB Group Ho Woei Chen, CFA, assesses the latest PMI results in the Chinese economy.
“China’s official manufacturing Purchasing Manager’s Indexes (PMI) stayed in contraction for the second straight month as the reading fell to 49.2 in October from 49.6 in September. This is below Bloomberg’s consensus estimate of 49.7 and the lowest reading since the early period of the pandemic in February 2020. Supply-side constraints such as energy crunch, higher commodity prices and supply chain disruption have dampened outlook despite resilient global demand which would likely receive further lift due to seasonal factors.”
“The official non-manufacturing PMI remained in expansion (above 50) but also fell by a larger than expected pace in October, down 0.8 points to 52.4 from 53.2 in September (Bloomberg est: 53.0).”
“We retain our forecast for China’s 4Q21 GDP growth to slow further to 3.5% y/y from 4.9% y/y in 3Q21 for full-year 2021 growth at 7.9%. Risks continue to stem from electricity shortages affecting industrial production, supply bottlenecks, tighter COVID-19 restrictions and a softer real estate market. Conversely, expectation of some easing in the government’s regulatory crackdown, policy support as well as measures to maintain stability of energy supplies in the winter months amidst the growth slowdown may help to lift sentiment.”
© 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.
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.
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.