China s manufacturing expands in line with predictions

2 October, 2014

Activity in the manufacturing sector of China, the second-largest economy in the world, continues to expand; however, the pace of rise remains uncertain, as it balances between advance and decline for a long period of time. The benchmark Purchasing Managers' Index remained at 51.1 points last month, keeping the same pace of advance from August. Analysts, in turn, predicted a minor decline of the indicator. Despite the PMI Index being above 50 points, which divides rise from deterioration, the vast majority of economists underline worsening economic conditions in China. Besides slow-growing manufacturing, industrial profits fall, while output of factories hit the lowest pace of increase in five years, meaning that the country will have to reorient its economy from manufacturing to other industries in order to keep climbing in the future. Economy is expected to add 7.5% this year, according to median forecasts. As more serious issues become even more inevitable, the government of China is taking further steps to heat up local economy. For the time being, authorities denied adding up more monetary stimulus, but instead of that they eased some mortgage policies to help the housing market, which is experiencing tough times. Moreover, experts continue pointing on necessity to support internal demand in China, as exports industry is approaching its highest potential due to subdued recovery in the Eurozone and uncertainty over economic perspectives in Japan.


In the past 24 hours Bitcoin has lost -8.27% and reached $8846.85. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -1.2229% and is now at $1.2229. Start trading and making money on Forex today.

In the past 7 days Ethereum has gained 17.37% and is now at $619.034. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Daily Forex Market Reviews


Forex Currencies Forecasts


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets90%
2FXTMFXTM87%
3HYCMHYCM85%
4FxProFxPro84%
5FIBO GroupFIBO Group82%
6FXCMFXCM70%
7XMXM68%
8Fort Financial ServicesFort Financial Services67%
9Alfa-ForexAlfa-Forex66%
10HotForexHotForex66%
  


Share: