三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Indepth

Service sector growth hits lowest level since 2008

(Agencies) Updated: 2014-02-04 04:20

Latest economic indicator adds to global market jitters

Service sector growth fell to a five-year low in January, an official survey showed, the second indicator in as many days that the world’s second-largest economy is facing headwinds. Global markets fell on Monday, in part due to concerns over the economy.

The National Bureau of Statistics said on Monday the official non-manufacturing Purchasing Managers’ Index (PMI) fell to 53.4 in January from December’s 54.6. A reading above 50 indicates growth, a reading below 50 indicates contraction

Monday’s reading was the lowest since December 2008.

On Saturday a key indicator of factory output growth hit a six-month low in January, hurt by weaker local and foreign demand, a survey showed.

The Purchasing Managers’ Index for the manufacturing sector edged down to 50.5 in January from December’s 51, the National Bureau of Statistics said on Saturday, though this was in line with market expectations.

Saturday’s PMI showed China’s factories saw fewer export orders and slacker growth in new orders last month. A sub-index for new orders fell to a six-month low of 50.9, and export orders slipped to 49.3, also a six-month low and below the 50-point threshold separating growth from contraction.

Analysts had cautioned before Saturday’s release that the ongoing Lunar New Year holiday, which began on Jan 31, probably dragged on factory output in January as manufacturers shut shop for China’s biggest annual holiday.

Global stocks were mostly sluggish or lower Monday, in part due to concerns over weakening growth in China.

In European trading, major benchmarks were lackluster. Britain’s FTSE 100 inched up 0.2 percent to 6,522.24 but France’s CAC-40 was down 0.1 percent to 4,163.23. Germany’s DAX fell 0.1 percent to 9,293.72. Futures augured modest gains on Wall Street, with Dow Jones and S&P 500 futures both up 0.1 percent.

The Nikkei 225, the barometer for the Tokyo Stock Exchange, closed down 2 percent at 14,619.13 as the yen has reversed some of its weakness against the dollar in recent days.

Seoul’s Kospi dropped 1.1 percent to 1,919.96. Among the Asian markets open for business, only Thailand posted gains after national elections took place Sunday without major violence.

Monday’s data showed moderating confidence among service providers, with the business expectations sub-index down to 58.1 from December’s 58.7, the lowest reading since February 2009.

Firms also drew slightly less business in January. A new orders sub-index nudged down to 50.9 from December’s 51.

Retailers and the air and rail transport sectors had strong months, with output sub-indices for all three above 60.

Slowing activity was accompanied by moderating price pressures. The sub-index for input prices fell to an eight-month low of 54.5, and the index for prices charged dropped to 50.1.

Analysts polled by Reuters expect China’s economy to grow 7.4 per cent in 2014, slightly slower than last year’s 7.7 per cent expansion and the weakest in 24 years.

The financial markets in several developing countries, including Turkey and Argentina, have been shaken recently by concerns that growth will slow and money will flow out of their economies as the US Federal Reserve tightens its monetary policy. That has knocked many stock markets, which were ripe for a pullback after big gains in 2013.

On Friday on Wall Street, the Dow Jones industrial average fell 149.76 points, or 0.9 percent, to 15,698.85. The S&P 500 dropped 11.60 points, or 0.7 percent, to 1,782.59 and the Nasdaq lost 19.25 points, or 0.5 percent, to 4,103.88.

Benchmark US crude for March delivery was down 51 cents at $96.98 a barrel in electronic trading on the New York Mercantile Exchange. The euro was little changed at $1.3480. The dollar rose to 102.12 yen from 101.96 yen late Friday but is down from about 105 yen at the beginning of the year.

Service sector growth hits lowest level since 2008 Service sector growth hits lowest level since 2008

2013 Central Economic Work Conference

Decoding China's economic reform roadmap

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 一级a毛片免费 | 婷婷在线网站 | 亚洲国产一区二区在线 | 一级一级 a爱片免费视频 | 999精品视频在线观看 | 在线观看欧洲成人免费视频 | 最新国产午夜精品视频成人 | 俄罗斯一级毛片免费视频 | 97香蕉超级碰碰碰久久兔费 | 韩国一级做a爰片性色毛片 韩国一级做a爱性色毛片 | 成人片子| 深夜国产一区二区三区在线看 | 久久91精品综合国产首页 | 成年午夜性视频免费播放 | 中文字幕无线码中文字幕网站 | www日本黄色 | 国产成人精品视频在放 | 99v视频国产在线观看免费 | 五月天六月婷婷 | 性感美女在线喷水 | 国产精品1024永久免费视频 | 国产精品小视频在线观看 | 一级毛片中文字幕 | 亚洲黄色美女视频 | 亚洲欧美日韩闷骚影院 | 成人在激情在线视频 | 国产交换精品一区二区三区 | 麻豆视频传媒入口 | 97色婷婷成人综合在线观看 | 黄色一级毛片免费 | 亚洲精品欧美综合 | 任你干免费视频 | 国产乱码精品一区二区 | 天天拍夜夜操 | 一级a级国产不卡毛片 | 黄色一级大片视频 | 国产高清在线精品一区a | 欧美人成在线观看网站高清 | 国产成人精品久久免费动漫 | 97精品国产高清自在线看超 | 亚洲欧洲第一页 |