ANL 14.51 Increased By ▲ 0.13 (0.9%)
ASC 13.30 Increased By ▲ 0.10 (0.76%)
ASL 14.00 No Change ▼ 0.00 (0%)
BOP 8.37 Increased By ▲ 0.02 (0.24%)
BYCO 6.50 Increased By ▲ 0.05 (0.78%)
FCCL 17.80 Increased By ▲ 0.12 (0.68%)
FFBL 26.00 Decreased By ▼ -0.01 (-0.04%)
FFL 11.15 Decreased By ▼ -0.08 (-0.71%)
FNEL 10.72 Increased By ▲ 0.03 (0.28%)
GGGL 14.90 Decreased By ▼ -0.35 (-2.3%)
GGL 31.40 Increased By ▲ 0.55 (1.78%)
HUMNL 6.22 Decreased By ▼ -0.21 (-3.27%)
JSCL 17.00 Decreased By ▼ -0.10 (-0.58%)
KAPCO 31.48 Increased By ▲ 0.68 (2.21%)
KEL 3.20 Decreased By ▼ -0.03 (-0.93%)
MDTL 2.20 Decreased By ▼ -0.05 (-2.22%)
MLCF 33.80 Increased By ▲ 0.55 (1.65%)
NETSOL 97.25 Decreased By ▼ -1.15 (-1.17%)
PACE 4.22 Decreased By ▼ -0.10 (-2.31%)
PAEL 23.00 Decreased By ▼ -0.06 (-0.26%)
PIBTL 7.43 Decreased By ▼ -0.14 (-1.85%)
POWER 6.65 Increased By ▲ 0.10 (1.53%)
PRL 13.50 Decreased By ▼ -0.30 (-2.17%)
PTC 8.90 Increased By ▲ 0.03 (0.34%)
SILK 1.30 Decreased By ▼ -0.06 (-4.41%)
SNGP 39.66 Decreased By ▼ -0.14 (-0.35%)
TELE 16.40 Decreased By ▼ -0.45 (-2.67%)
TRG 87.40 Decreased By ▼ -1.50 (-1.69%)
UNITY 25.22 Decreased By ▼ -0.24 (-0.94%)
WTL 2.10 Decreased By ▼ -0.03 (-1.41%)
BR100 4,519 Increased By ▲ 21.96 (0.49%)
BR30 18,277 Decreased By ▼ -62.37 (-0.34%)
KSE100 44,114 Increased By ▲ 178.41 (0.41%)
KSE30 17,034 Increased By ▲ 94.74 (0.56%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,709
524hr
Pakistan Cases
1,284,189
30324hr
0.82% positivity
Sindh
475,248
Punjab
442,950
Balochistan
33,479
Islamabad
107,626
KPK
179,928
Technology

China's factory activity likely sustained strong expansion in Dec

  • "China Beige Book data continue to show a less robust recovery than official statistics," said Leland Miller, the CEO of the US-based consultancy, in a statement released alongside the survey results.
29 Dec 2020

BEIJING: China's factory activity likely maintained a solid pace of expansion in December, a Reuters poll showed on Tuesday, as the world's second-largest economy steadily recovers from the coronavirus crisis.

The official manufacturing Purchasing Manager's Index (PMI) is expected to edge down to 52.0 in December from November's 52.1, according to the median forecast of 27 economists polled by Reuters. A reading above 50 indicates an expansion in activity on a monthly basis.

China is on track to become the first to completely shake off the drag from widespread industry shutdowns. November's PMI reading was the highest in more than three years.

Profits at China's industrial firms grew robustly in November for a seventh month of gains, supported by strong industrial production and sales.

The Chinese economy is expected to expand around 2% for the full year - the weakest in over three decades but still much stronger than other major economies still struggling to contain virus infections.

Around two-thirds of executives in China said the country's recovery to pre-COVID conditions is still more than three months away, according to a survey by China Beige Book released Monday.

"China Beige Book data continue to show a less robust recovery than official statistics," said Leland Miller, the CEO of the US-based consultancy, in a statement released alongside the survey results.

The official PMI, which largely focuses on big and state-owned firms, and its sister survey on the services sector, will both be released on Dec. 31.

The private sector Caixin manufacturing PMI will be published on Jan. 4, and the Caixin services PMI survey will be out on Jan. 6.

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.