Manufacturing in China falls for the first time in two years, research finds

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6th February 2015 12:39 - Industrial

A recent survey has found that manufacturing activity in China has fallen for the first time in over two years (27 months). This indicates a Manufacturing in China falls for the first time in two years, research findsdownward pressure on the country, which boasts the second largest economy in the world.

Last month (January 2015) the official purchasing manager’s index recorded a figure of 49.8, which is notably lower than December’s 50.1.

The official purchasing manager’s index monitors the activities in factories and workshops and can be used as an indicator as to how the health of China’s economy stands.

When examining figures from the official purchasing manager’s index, it is important to note that a figure higher than 50 indicates an expansion, whilst below 50 signals a fall.

HSBC claimed that in January 2015, a preparatory reading of its own official purchasing manager’s index increased to 49.6 in December 2014, down from 50 in November.

China’s economy is not just suffering from a slowing factory growth; it is also struggling with a declining property market and soft exports.

In 2014, the Chinese economy grew 7.4% which was slower than 2013’s 7.7%.

2014 also saw the worst growth since 1990, when the economy grew by a meagre 3.8%.

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