US EUROPE AFRICA ASIA 中文
    Business / Macro

    China accelerates as euro zone stumbles

    (Agencies) Updated: 2014-06-03 08:58

    China accelerates as euro zone stumbles

    A?worker paints antirust oil on vehicle at a factory in Wuhan, capital of central China's Hubei province January 26, 2007. [Photo/Agencies]

    Signs of an economic revival in China have raised hopes that euro zone will increase expectations of policy easing there.

    Chinese factory activity expanded at the fastest pace in five months in May but euro zone manufacturing growth slowed more than initially thought, fuelling expectations that the European Central Bank will ease policy this week.

    "The Chinese numbers were higher. We are beginning to make some progress but it is consistent with this story that the Chinese economy is not going to grow as fast as it has in the past," said Peter Dixon at Commerzbank.

    "The European numbers were in and around the ballpark. It's not the kind of data the ECB is going to react to instantly but it is part of a bigger puzzle that says we need more growth in Europe."

    US manufacturing growth probably accelerated in May, a report from the Institute for Supply Management (ISM) is expected to show later on Monday.

    Markit's final Manufacturing Purchasing Managers' Index (PMI) for the euro zone slipped to a six-month low of 52.2 in May from April's 53.4 as strong figures from Germany failed to offset a contraction in activity in France.

    The reassuring Chinese factory data and another record high for Wall Street lifted world stocks and commodities on Monday, although markets are waiting to see how far the ECB will go with policy easing plans.

    Stronger China

    China's official PMI, which is geared towards bigger, state-owned firms, rose to 50.8 in May, from April's 50.4, the National Bureau of Statistics said on Sunday, beating market expectations of 50.6.

    "Recent pro-growth measures, which were stepped-up further last Friday, may have lent a helping hand here," said Nikolaus Keis at UniCredit.

    China's manufacturing data bolstered market expectations that the world's second-largest economy is regaining strength as the government's pro-growth measures kick in.

    Beijing stepped up policy fine-tuning in recent weeks and has unveiled a slew of measures this year to help shore up the economy.

    China's cabinet announced new easing measures on Friday to help lower funding costs and reduce operating burdens for companies to give more support for the real economy, adding to moves that included hastening construction of railways and public housing.

    In South Korea, Asia's fourth-largest economy and one of the leading manufacturing and export powerhouses, the HSBC/Markit manufacturing gauge slid below 50 while trade data showed exports fell.

    In India, the manufacturing PMI edged up but came in slightly below the median forecast in a Reuters poll. Indonesia's PMI surged to a record high but hopes were tempered after its trade balance slipped back into deficit in April after two consecutive months of surpluses.

    China accelerates as euro zone stumbles

    China accelerates as euro zone stumbles

    Feb manufacturing PMI drops to 50.2 China's manufacturing PMI rises to 50.3% in March

    Hot Topics

    Editor's Picks
    ...
    ...
    无码少妇一区二区性色AV| 最近中文字幕2019高清免费| 天堂新版8中文在线8| 青青草无码免费一二三区| 亚洲中文字幕伊人久久无码| 亚洲国产成人精品无码久久久久久综合 | 免费无遮挡无码永久视频| 熟妇人妻中文av无码| 中文字幕无码久久精品青草| 免费精品无码AV片在线观看| 无码AV动漫精品一区二区免费| 中文字幕AV中文字无码亚| 国产a级理论片无码老男人| 亚洲欧洲自拍拍偷午夜色无码| 欧美日韩中文字幕| 中文字幕乱码免费视频| AV成人午夜无码一区二区| 免费无码成人AV在线播放不卡| 亚洲综合无码精品一区二区三区 | 中文字幕av日韩精品一区二区| 婷婷色中文字幕综合在线 | 中文国产成人精品久久亚洲精品AⅤ无码精品 | 播放亚洲男人永久无码天堂| 少妇伦子伦精品无码STYLES| 中文字幕乱码人妻无码久久| 中文字幕在线无码一区| 国产一区三区二区中文在线| 日韩精品中文字幕无码一区| 亚洲不卡中文字幕无码| 亚洲中文字幕无码久久精品1| 亚洲国产精品无码久久久久久曰| 亚洲Av无码乱码在线播放| 久久国产精品无码网站| 久久精品无码一区二区日韩AV| 国产精品无码一区二区在线| 久久久久亚洲AV无码专区桃色| heyzo高无码国产精品| 国产成人无码精品久久久久免费| 精品一区二区无码AV| 亚洲精品无码永久在线观看 | 最近免费中文字幕大全免费版视频 |