At its peak, the preview value of HSBC manufacturi

2022-10-20
  • Detail

In October, the preview value of HSBC manufacturing PMI rose to a seven month high

in October, the preview value of HSBC manufacturing PMI rose to a seven month high

www.63april 19, China Construction machinery information

new materials for home appliances will also usher in more opportunities and challenges

Guide: HSBC announced on October 24 that the preview value of HSBC China manufacturing PMI in October was 50.9, better than the expected 49.8 and rose to a seven month high, and the final value in September was 50.2. The data also showed that the HSBC China manufacturing PMI new order index was 51.6 in October. Quhongbin, chief economist of HSBC Greater China (Caiyuan)

HSBC announced on October 24 that the preview value of HSBC China manufacturing PMI in October was 50.9, better than the expected 49.8 and rose to a seven month high, with the final value of 50.2 in September. The data also showed that the HSBC China manufacturing PMI new order index was 51.6 in October. Quhongbin (Caiyuan), chief economist of HSBC Greater China, believes that the initial value of HSBC manufacturing PMI shows that the rebound momentum of industrial production continues in the fourth quarter, boosted by the steady growth effect of the previous policies

however, quhongbin believes that from a forward-looking perspective, new export orders are only slightly higher than 50, and from the current trading volume of the autumn Canton Fair, it shows that the outlook for external demand is still not optimistic. The recovery of manufacturing industry is expected to continue in the future, but it still depends mainly on the recovery of domestic demand and the continuation of the steady growth policy

Quhongbin predicted that the investment in railway construction may continue to accelerate in the fourth quarter, and the fiscal expenditure will further increase near the end of the year. In his view, combined with the relatively loose growth rate of money supply m2 at%, the GDP growth rate will remain above 7.5%. The relatively stable growth trend will help speed up structural reform and create conditions to avoid dry friction; It is expected that the upcoming third Plenary Session of the CPC Central Committee in November will introduce a package of reform framework plans

Copyright © 2011 JIN SHI