Tue. Jan 18th, 2022

Chinese manufacturing has been hampered by shortages of some components and shipping disruptions.

Chinese manufacturing activity rose higher in December as supply disruptions eased and export demand weakened, a survey showed Friday.

The monthly purchasing managers’ index issued by the National Statistics Agency and an industry group rose to 50.3 from November’s 50.1 on a 100-point scale where numbers above 50 show activity accelerating.

Chinese manufacturing has been hampered by shortages of some components, including semiconductors and disruptions in shipping. Some areas have ordered factories to close temporarily from September to reach official energy efficiency targets.

Restore ‘clearer’

A measure of new orders improved to 49.7 from November’s 49.4, according to the China Federation of Logistics & Purchasing and the National Bureau of Statistics, although demand remained weak. An index of export orders dropped from 48.5 to 48.1.

“The overall recovery of China’s economy is clearer,” said economist Zhang Liqun in a statement issued by the federation. However, he said the country needed to “strengthen the overall effect of the policy to expand domestic demand” and keep industrial supplies flowing smoothly.

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