China’s industrial output grew at the slowest rate in 17 years

China’s industrial output grew 5.3 percent in the first two months of this year, the slowest pace of expansion in 17 years, official data showed on Thursday. But fixed-asset investment rose 6.1 percent, while retail sales rose 8.2 percent, both more than expected. Analysts polled by Reuters had predicted industrial output growth would slow to 5.5 percent in January-February from December’s 5.7 percent gain. Investment growth had been expected to edge up slightly to 6.0 percent, from 5.9 percent


China’s industrial output grew 5.3 percent in the first two months of this year, the slowest pace of expansion in 17 years, official data showed on Thursday. But fixed-asset investment rose 6.1 percent, while retail sales rose 8.2 percent, both more than expected. Analysts polled by Reuters had predicted industrial output growth would slow to 5.5 percent in January-February from December’s 5.7 percent gain. Investment growth had been expected to edge up slightly to 6.0 percent, from 5.9 percent
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Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: afp, getty images
Keywords: news, cnbc, companies, grew, investment, slowest, rose, expected, rate, sales, data, growth, rise, output, industrial, chinas, 17


China's industrial output grew at the slowest rate in 17 years

China’s industrial output grew 5.3 percent in the first two months of this year, the slowest pace of expansion in 17 years, official data showed on Thursday.

But fixed-asset investment rose 6.1 percent, while retail sales rose 8.2 percent, both more than expected.

Analysts polled by Reuters had predicted industrial output growth would slow to 5.5 percent in January-February from December’s 5.7 percent gain.

Investment growth had been expected to edge up slightly to 6.0 percent, from 5.9 percent in 2018.

Private-sector fixed-asset investment, which accounts for about 60 percent of overall investment in China, rose 7.5 percent in the same period, compared with an 8.7 percent rise in 2018, data from the National Bureau of Statistics showed.

Retail sales had been expected to rise 8.1 percent, easing marginally from December’s 8.2 percent pace.

China combines January and February activity data in an attempt to smooth distortions created by the long Lunar New Year holidays early each year, but some analysts say a clearer picture of the economy may not emerge first-quarter data is released in April.

China’s economic growth cooled to 6.6 percent last year, the slowest in nearly three decades, and it is expected to lose more momentum in the next few months.

Beijing is rolling out more support measures to avert a sharper slowdown, but many analysts do not expect activity to convincingly bottom out until summer.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: afp, getty images
Keywords: news, cnbc, companies, grew, investment, slowest, rose, expected, rate, sales, data, growth, rise, output, industrial, chinas, 17


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Japan’s economy grew faster than expected on investment rebound, but trade war clouds outlook

The Japanese economy grew faster than initially estimated in the fourth quarter as capital expenditure staged a quick recovery from a series of natural disasters in the previous quarter. That followed a revised 2.4 percent annualized contraction in the third quarter, which was the biggest decline in more than four years. This is more than a preliminary reading of a 0.3 percent expansion and economists’ median estimate of a 0.4 percent increase. Private consumption, which accounts for roughly 60


The Japanese economy grew faster than initially estimated in the fourth quarter as capital expenditure staged a quick recovery from a series of natural disasters in the previous quarter. That followed a revised 2.4 percent annualized contraction in the third quarter, which was the biggest decline in more than four years. This is more than a preliminary reading of a 0.3 percent expansion and economists’ median estimate of a 0.4 percent increase. Private consumption, which accounts for roughly 60
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Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, rose, rebound, expansion, revised, quarter, annualized, expected, estimate, trade, grew, median, war, investment, economy, japans, preliminary, faster, exports, outlook


Japan's economy grew faster than expected on investment rebound, but trade war clouds outlook

The Japanese economy grew faster than initially estimated in the fourth quarter as capital expenditure staged a quick recovery from a series of natural disasters in the previous quarter.

However, despite the upward revision to growth, economists are likely to temper their optimism on the outlook given a recent batch of disappointing data on exports and factory output and the economy expected to weaken due to the Sino-U.S. trade war.

Japan’s gross domestic product rose at an annualized rate of 1.9 percent in October-December, more than the initial estimate of a 1.4 percent annualized expansion and more than the median estimate for a 1.8 percent annualized increase, revised data from the Cabinet Office showed.

That followed a revised 2.4 percent annualized contraction in the third quarter, which was the biggest decline in more than four years.

Economists warn that capital expenditure and overall economic growth are likely to weaken in the first half of this year as exports dwindle and inventories pile up due to a slowdown in global trade.

The revised figure translates into a quarter-on-quarter expansion of 0.5 percent in real, price-adjusted terms. This is more than a preliminary reading of a 0.3 percent expansion and economists’ median estimate of a 0.4 percent increase.

The capital expenditure component of GDP rose 2.7 percent in October-December from the previous quarter to mark the fastest expansion since January-March 2015. That compares with the median forecast for a 2.8 percent increase and a preliminary 2.4 percent expansion.

Private consumption, which accounts for roughly 60 percent of GDP, rose 0.4 percent in the fourth quarter, less than the preliminary estimate of a 0.6 percent increase.

Net exports — or exports minus imports — contributed minus 0.3 percentage point, unchanged from preliminary data.

Domestic demand added a revised 0.8 percentage point to GDP, more than a preliminary reading of a 0.6 percentage point contribution.

Separate data on Friday showed household spending rose 2.0 percent year-on-year in January, more than the median estimate for a 0.4 percent annual contraction, which may ease concerns about domestic demand.

Real wages in January rose 1.1 percent year-on-year in January, matching the same pace of growth in the previous month, the labor ministry said on Friday.

The United States last year imposed tariffs on $250 billion worth of goods imported from China, with Beijing hitting back with duties on $110 billion worth of American products, including soybeans and other commodities.

U.S. President Donald Trump has delayed tariffs on $200 billion worth of Chinese imports as negotiations to resolve the eight-month trade war show signs of progress.

Even if the two sides resolve their differences, the damage to global trade and Japan’s economy may take some time to repair with uncertainty about trade policies hurting sentiment and disrupting manufacturers’ supply chains.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, rose, rebound, expansion, revised, quarter, annualized, expected, estimate, trade, grew, median, war, investment, economy, japans, preliminary, faster, exports, outlook


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IHG full-year room revenue grows on China demand

InterContinental Hotels Group said on Tuesday its full-year room revenue grew as more people checked into its 380 hotels in the Greater China region. The Denham, UK-based owner of brands such as Crowne Plaza, Holiday Inn and InterContinental said revenue per available room grew 2.5 percent in the twelve months to Dec. 31, slightly lower than the 2.7 percent growth reported a year earlier. The group posted a 7.7 percent rise in 2018 reported operating profit to $816 million, higher than the $807.


InterContinental Hotels Group said on Tuesday its full-year room revenue grew as more people checked into its 380 hotels in the Greater China region. The Denham, UK-based owner of brands such as Crowne Plaza, Holiday Inn and InterContinental said revenue per available room grew 2.5 percent in the twelve months to Dec. 31, slightly lower than the 2.7 percent growth reported a year earlier. The group posted a 7.7 percent rise in 2018 reported operating profit to $816 million, higher than the $807.
IHG full-year room revenue grows on China demand Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19
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IHG full-year room revenue grows on China demand

InterContinental Hotels Group said on Tuesday its full-year room revenue grew as more people checked into its 380 hotels in the Greater China region.

The Denham, UK-based owner of brands such as Crowne Plaza, Holiday Inn and InterContinental said revenue per available room grew 2.5 percent in the twelve months to Dec. 31, slightly lower than the 2.7 percent growth reported a year earlier.

The group posted a 7.7 percent rise in 2018 reported operating profit to $816 million, higher than the $807.54 million expected by analysts, according to company supplied consensus estimates.

“While there are macroeconomic and geopolitical uncertainties in some markets, we are confident in the year ahead…,” Chief Executive Officer Keith Barr said in a statement.

Barr has steered IHG towards affluent Chinese customers to lessen the firm’s dependence on highly mature U.S. markets, while aggressively rebranding to compete against the likes of Marriott and Hilton, which have sprawling luxury portfolios, including the Ritz-Carlton, St. Regis, Waldorf Astoria and DoubleTree.

The group’s Greater China operations registered a 6.9 percent rise in comparable RevPAR, a key hotel industry metric, with room revenue rising 1.9 percent in the United States, its largest market.

IHG has banked on corporate demand but has lately struggled to adapt to the changing travel landscape as business travellers and holidaymakers increasingly opt for cheaper accommodation offered by Airbnb.

IHG, which has said it would return $500 million to shareholders through a special dividend by the first quarter of 2019, proposed a 10 percent rise in its final dividend to 78.1 cents, citing its “confident” outlook.

The group has often returned surplus cash to investors, but disappointed them last year when it said it won’t pay out any additional capital after announcing plans to go more upmarket.


Company: cnbc, Activity: cnbc, Date: 2019-02-19
Keywords: news, cnbc, companies, grew, million, rise, group, markets, ihg, hotels, intercontinental, reported, demand, china, revenue, room, grows, fullyear


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How 1-800-Flowers.com grew from one flower shop to $1.2 billion annually

In 1976, native New Yorker Jim McCann bought a flower shop in the city. Over the next 42 years, he grew his business into 1-800-Flowers.com, a telephone and e-commerce gift delivery behemoth that made $1.2 billion in 2018. Watch this video to see how he used emerging technologies and diverse products to become the Amazon of Valentine’s Day.


In 1976, native New Yorker Jim McCann bought a flower shop in the city. Over the next 42 years, he grew his business into 1-800-Flowers.com, a telephone and e-commerce gift delivery behemoth that made $1.2 billion in 2018. Watch this video to see how he used emerging technologies and diverse products to become the Amazon of Valentine’s Day.
How 1-800-Flowers.com grew from one flower shop to $1.2 billion annually Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: karin shedd
Keywords: news, cnbc, companies, watch, used, flower, video, native, annually, telephone, technologies, yorker, grew, billion, valentines, products, 12, shop, 1800flowerscom


How 1-800-Flowers.com grew from one flower shop to $1.2 billion annually

In 1976, native New Yorker Jim McCann bought a flower shop in the city. Over the next 42 years, he grew his business into 1-800-Flowers.com, a telephone and e-commerce gift delivery behemoth that made $1.2 billion in 2018. Watch this video to see how he used emerging technologies and diverse products to become the Amazon of Valentine’s Day.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: karin shedd
Keywords: news, cnbc, companies, watch, used, flower, video, native, annually, telephone, technologies, yorker, grew, billion, valentines, products, 12, shop, 1800flowerscom


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Colorado legal pot industry sales grew 3 percent in 2018, top $6 billion since recreational use began

Colorado’s regulated pot industry sales have topped $6 billion since legal recreational marijuana sales began in 2014 and taxes generated by the industry grew by nearly 8 percent last year, the state reported Tuesday. The Colorado Department of Revenue said regulated marijuana sales in calendar 2018 were nearly $1.55 billion, up about 3 percent from just over $1.5 billion in 2017. The growth of Colorado’s legal marijuana economy contrasts with a slow start in California’s market, which began rec


Colorado’s regulated pot industry sales have topped $6 billion since legal recreational marijuana sales began in 2014 and taxes generated by the industry grew by nearly 8 percent last year, the state reported Tuesday. The Colorado Department of Revenue said regulated marijuana sales in calendar 2018 were nearly $1.55 billion, up about 3 percent from just over $1.5 billion in 2017. The growth of Colorado’s legal marijuana economy contrasts with a slow start in California’s market, which began rec
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Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: jeff daniels, getty images
Keywords: news, cnbc, companies, tax, sales, began, recreational, million, state, billion, legal, pot, marijuana, 2018, colorado, industry, taxes, grew


Colorado legal pot industry sales grew 3 percent in 2018, top $6 billion since recreational use began

Colorado’s regulated pot industry sales have topped $6 billion since legal recreational marijuana sales began in 2014 and taxes generated by the industry grew by nearly 8 percent last year, the state reported Tuesday.

The Colorado Department of Revenue said regulated marijuana sales in calendar 2018 were nearly $1.55 billion, up about 3 percent from just over $1.5 billion in 2017. The state has seen its marijuana industry sales more than double since 2014 when the first year of adult-use pot generated $683.5 million.

The agency said Colorado’s marijuana taxes, including licenses and fees from dispensaries, exceeded $266.5 million in 2018 — up nearly 8 percent compared with $247 million in 2017. To date, the state’s marijuana taxes since recreational sales started have generated more than $927 million in tax revenue for Colorado.

The growth of Colorado’s legal marijuana economy contrasts with a slow start in California’s market, which began recreational pot sales in January 2018. The legal pot industry in California has struggled due to higher costs and continued competition from the illicit market.

In California, marijuana tax revenue came in $101 million below projections in the first six months of 2018. The state has blamed the shortfall in part on exorbitant taxes placed on the legal pot industry and limited access to banking.

Last month, a bill was introduced in the California state legislature to give legal cannabis businesses a tax break to help them thrive and better compete with the underground market. California’s current marijuana taxes were imposed as part of Proposition 64, the adult-use legalization measure passed by voters in November 2016.

California expects marijuana excise taxes will generate $355 million in 2018-19 and another $514 million in 2019-20, according to the latest forecast from the state.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: jeff daniels, getty images
Keywords: news, cnbc, companies, tax, sales, began, recreational, million, state, billion, legal, pot, marijuana, 2018, colorado, industry, taxes, grew


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Michael Dell: ‘We are public again and very much ready to be so’

After spending half a decade as a private company, Dell Technologies is back in the hands of the public, and Chairman and CEO Michael Dell says he’s “very much ready to be so,” claiming that over the last five years, he has transformed the company. In 2013 Michael Dell and private equity firm Silver Lake Partners closed a $25 billion deal to acquire Dell Technologies and take it out of the limelight — and away from the pressure of its investors. At the World Economic Forum in Davos, Switzerland,


After spending half a decade as a private company, Dell Technologies is back in the hands of the public, and Chairman and CEO Michael Dell says he’s “very much ready to be so,” claiming that over the last five years, he has transformed the company. In 2013 Michael Dell and private equity firm Silver Lake Partners closed a $25 billion deal to acquire Dell Technologies and take it out of the limelight — and away from the pressure of its investors. At the World Economic Forum in Davos, Switzerland,
Michael Dell: ‘We are public again and very much ready to be so’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: barbara booth, adam galica
Keywords: news, cnbc, companies, company, transformed, grew, engineers, world, dell, michael, ready, public, technologies, private, software


Michael Dell: 'We are public again and very much ready to be so'

After spending half a decade as a private company, Dell Technologies is back in the hands of the public, and Chairman and CEO Michael Dell says he’s “very much ready to be so,” claiming that over the last five years, he has transformed the company.

In 2013 Michael Dell and private equity firm Silver Lake Partners closed a $25 billion deal to acquire Dell Technologies and take it out of the limelight — and away from the pressure of its investors. The bold move gave the PC maker time to rethink and reposition the struggling company.

At the World Economic Forum in Davos, Switzerland, on Wednesday, Dell told Squawk Box’s Becky Quick, “During the period we were private, we really transformed the company. Now almost 90 percent of our engineers are software engineers. The company grew 17 percent in GAAP revenues in the last nine months, our data center business grew 22 percent, and we are the world leader of infrastructure hardware and software and outgrowing the industry.”

Dell Technologies’ market cap is currently around $32 billion, with seven brands, including Dell, Dell EMC, VMWare, Pivotal, SecureWorks, RSA and Virtustream. VMware’s new offerings around cloud-native now position Dell to handle multicloud enterprise operations.


Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: barbara booth, adam galica
Keywords: news, cnbc, companies, company, transformed, grew, engineers, world, dell, michael, ready, public, technologies, private, software


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South Korean economy grew 2.7 percent in 2018 — the slowest pace in six years

South Korean firms are facing stress on all sides: Natixis 2:37 AM ET Tue, 15 Jan 2019 | 01:47The annual pace accelerated to 3.1 percent, handily outpacing 2.0 percent in the third quarter and marking the fastest expansion in five quarters. The economy rode a surge in government spending, which increased by 3.1 percent on-quarter for its biggest rise in almost nine years and helped boost construction and capital investment. Construction investment climbed 1.2 percent in the fourth quarter while


South Korean firms are facing stress on all sides: Natixis 2:37 AM ET Tue, 15 Jan 2019 | 01:47The annual pace accelerated to 3.1 percent, handily outpacing 2.0 percent in the third quarter and marking the fastest expansion in five quarters. The economy rode a surge in government spending, which increased by 3.1 percent on-quarter for its biggest rise in almost nine years and helped boost construction and capital investment. Construction investment climbed 1.2 percent in the fourth quarter while
South Korean economy grew 2.7 percent in 2018 — the slowest pace in six years Cached Page below :
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South Korean economy grew 2.7 percent in 2018 — the slowest pace in six years

South Korean firms are facing stress on all sides: Natixis 2:37 AM ET Tue, 15 Jan 2019 | 01:47

The annual pace accelerated to 3.1 percent, handily outpacing 2.0 percent in the third quarter and marking the fastest expansion in five quarters.

The economy rode a surge in government spending, which increased by 3.1 percent on-quarter for its biggest rise in almost nine years and helped boost construction and capital investment.

“Increased fiscal spending towards the year end has cushioned the blow to exports, as shipments of chips and electronic products are falling,” a central bank official said.

Construction investment climbed 1.2 percent in the fourth quarter while capital investment jumped 3.8 percent, the sharpest increase in six quarters.

Private consumption expanded at double the pace seen in the third quarter with a 1 percent growth rate.

Exports, however, declined 2.2 percent on-quarter and remained the biggest risk for South Korea’s trade-reliant economy this year.


Company: cnbc, Activity: cnbc, Date: 2019-01-22
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Singapore’s fourth quarter GDP growth below forecast as trade concerns darken outlook

Singapore’s economy grew more slowly than forecast in the fourth quarter after the manufacturing sector shrank, adding to concerns that a trade dispute between the United States and China will drag on growth in 2019. Gross domestic product was forecast to have expanded 3.2 percent in the fourth quarter from the previous three months, according to six economists surveyed by Reuters. The economy grew a revised 3.5 percent in the previous quarter. From a year earlier, the economy grew 2.2 percent i


Singapore’s economy grew more slowly than forecast in the fourth quarter after the manufacturing sector shrank, adding to concerns that a trade dispute between the United States and China will drag on growth in 2019. Gross domestic product was forecast to have expanded 3.2 percent in the fourth quarter from the previous three months, according to six economists surveyed by Reuters. The economy grew a revised 3.5 percent in the previous quarter. From a year earlier, the economy grew 2.2 percent i
Singapore’s fourth quarter GDP growth below forecast as trade concerns darken outlook Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: rustam azmi, getty images
Keywords: news, cnbc, companies, grew, forecast, trade, months, outlook, economy, fourth, gdp, 35, darken, previous, quarter, singapores, growth, concerns


Singapore's fourth quarter GDP growth below forecast as trade concerns darken outlook

Singapore’s economy grew more slowly than forecast in the fourth quarter after the manufacturing sector shrank, adding to concerns that a trade dispute between the United States and China will drag on growth in 2019.

Rising trade protectionism and uncertainty over U.S.-China relations are key risks for the city-state in the coming months although the impact from trade frictions have so far had only a limited impact on its small and open economy.

The trade-reliant economy grew 1.6 percent in the October-December period from the previous three months on an annualized and seasonally adjusted basis, the Ministry of Trade and Industry said in a statement, slower than expectations.

On a quarter-on-quarter seasonally-adjusted annualized basis, the manufacturing sector shrank 8.7 per cent, reversing from 3.1 percent growth in the third quarter, data showed.

Gross domestic product was forecast to have expanded 3.2 percent in the fourth quarter from the previous three months, according to six economists surveyed by Reuters. The economy grew a revised 3.5 percent in the previous quarter.

From a year earlier, the economy grew 2.2 percent in the fourth quarter, compared with the median forecast of 2.3 percent in the Reuters survey and a revised 2.3 percent growth in the third quarter.

The economy expanded 3.3 percent for all of 2018, slowing from a three-year high of 3.6 percent the prior year. The government’s forecast for 2018 growth had been 3.0 to 3.5 percent.

Singapore is considered a bellwether for global growth because international trade — equating to about 200 percent of its GDP — dwarfs its domestic economy.

Some economists have said that while growth is expected to slow in 2019, it may still expand at a sufficiently robust pace to justify more tightening by the Monetary Authority of Singapore.

However, a significant deterioration in the growth outlook will increase the odds for the central bank to stay on hold in April when it makes its next decision.

The government has a wide range for 2019’s GDP growth forecast of 1.5 to 3.5 percent.


Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: rustam azmi, getty images
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China factory activity grew slightly in November but client demand ebbs

China’s factory activity grew slightly in November, a private survey showed, though new export orders extended their decline in a further blow to the sector already hurt by the Sino-U.S. trade frictions. A more immediate worry for Chinese manufacturers is weak domestic demand. The Caixin survey showed ebbing client orders weighing on China’s factory output, which stalled in November after months of expansion, the survey showed. With client demand muted, an effort to contain operating costs led C


China’s factory activity grew slightly in November, a private survey showed, though new export orders extended their decline in a further blow to the sector already hurt by the Sino-U.S. trade frictions. A more immediate worry for Chinese manufacturers is weak domestic demand. The Caixin survey showed ebbing client orders weighing on China’s factory output, which stalled in November after months of expansion, the survey showed. With client demand muted, an effort to contain operating costs led C
China factory activity grew slightly in November but client demand ebbs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: vcg, visual china group, getty images
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China factory activity grew slightly in November but client demand ebbs

China’s factory activity grew slightly in November, a private survey showed, though new export orders extended their decline in a further blow to the sector already hurt by the Sino-U.S. trade frictions.

The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) for November, released on Monday, ticked up to 50.2 from 50.1 in October. Economists polled by Reuters had forecast a reading of 50.0, the level that separates expansion from contraction.

Domestic orders have been losing momentum in recent quarters as the world’s second-largest economy slows. Overall, a sub-index measuring new orders did improve slightly to 50.9 in November from 50.4 in the previous month, after manufacturers cut prices.

Exports have held up so far, but the lingering threat of higher U.S. tariffs next year amid a trade war with the United States, China’s No.1 trade partner, remained a drag on Chinese manufacturing.

That risk was underscored by the sub-index for new export orders shrinking to 47.7 in November from 48.8 a month earlier, amid relatively weak global demand conditions, according to the survey.

Over the weekend, on the sidelines of the G-20 summit in Argentina, China and the United States agreed to suspend additional tariffs in a deal that keeps their trade war from escalating for now.

Trump said he would not increase tariffs on $200 billion of Chinese goods to 25 percent on Jan. 1 as previously announced, with the two sides aiming to reach an agreement within 90 days.

A more immediate worry for Chinese manufacturers is weak domestic demand.

The Caixin survey showed ebbing client orders weighing on China’s factory output, which stalled in November after months of expansion, the survey showed.

To counter weaker domestic demand, manufacturers cut prices for the first time in more than a year and a half. But that was not enough to prevent a rise in inventories, the first increase since April.

The output prices sub-index fell below the 50-mark to 49.8 in November, boding ill for profit margins. Profit growth at China’s industrial firms slowed for a sixth month in October, according to the latest official data.

The gauge on overall production fell to 50.0 from 50.1 in the previous month.

The downbeat readings backed Friday’s official PMI survey for November showing growth in the nation’s vast factory sector sliding to over a two-year low.

With client demand muted, an effort to contain operating costs led Chinese manufacturers to further reduce staff, while confidence towards the year ahead stayed subdued, according to the survey.

The employment sub-index slipped to 48.4 in November from 48.8 in October.

One bright spot – average input costs grew at their slowest pace in seven months.

Yet the trade frictions with the United States obscured the outlook for China’s economy, which has been slowing this year and is widely expected to cool further in 2019.

The United States and China have levied tariffs on billions of dollars of each other’s goods this year.


Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: vcg, visual china group, getty images
Keywords: news, cnbc, companies, orders, manufacturers, client, activity, trade, chinas, china, demand, factory, subindex, grew, slightly, ebbs, united, chinese, states, tariffs, survey


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Singapore’s third-quarter economic growth comes in well below forecast

The prosperous city-state is seen as a bellwether for global growth because international trade dwarfs its domestic economy, equating to about 200 percent of its GDP. The government’s initial estimate, released on October 12, had showed the economy grew 4.7 percent. The MTI revised its forecast for GDP growth for 2018 to 3.0 to 3.5 percent, from 2.5 to 3.5 percent previously. It gave a wide range for 2019’s GDP growth forecast of between 1.5 to 3.5 percent. At the same time, risks in the global


The prosperous city-state is seen as a bellwether for global growth because international trade dwarfs its domestic economy, equating to about 200 percent of its GDP. The government’s initial estimate, released on October 12, had showed the economy grew 4.7 percent. The MTI revised its forecast for GDP growth for 2018 to 3.0 to 3.5 percent, from 2.5 to 3.5 percent previously. It gave a wide range for 2019’s GDP growth forecast of between 1.5 to 3.5 percent. At the same time, risks in the global
Singapore’s third-quarter economic growth comes in well below forecast Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-22  Authors: roslan rahman, afp, getty images
Keywords: news, cnbc, companies, thirdquarter, global, trade, showed, quarter, slower, forecast, gdp, economic, comes, 35, growth, economy, grew, singapores


Singapore's third-quarter economic growth comes in well below forecast

Singapore’s economy expanded at a much slower pace than initially thought in the third quarter, with the government flagging a further moderation in the current quarter and 2019 in part due to the U.S.-Sino trade war.

The prosperous city-state is seen as a bellwether for global growth because international trade dwarfs its domestic economy, equating to about 200 percent of its GDP. Global markets have suffered a shakeout in the past two months as trade tensions fanned worries about a slowdown in world trade, business investment and growth.

The economy grew 3.0 percent in the July-September quarter from the previous three months on an annualized and seasonally adjusted basis, revised final figures from Ministry of Trade and Industry (MTI) showed on Thursday. The government’s initial estimate, released on October 12, had showed the economy grew 4.7 percent.

Gross domestic product grew 2.2 percent in the third quarter from the year earlier, slower than the advance estimate of 2.6 percent growth.

The median of 11 analysts in a Reuters poll predicted a 4.2 percent rise quarter-on-quarter and a 2.4 percent rise on a year-on-year basis.

The MTI revised its forecast for GDP growth for 2018 to 3.0 to 3.5 percent, from 2.5 to 3.5 percent previously. It gave a wide range for 2019’s GDP growth forecast of between 1.5 to 3.5 percent.

“The external demand outlook for the Singapore economy in 2019 is slightly weaker as compared to 2018. At the same time, risks in the global economy are tilted to the downside,” Loh Khum Yean, permanent secretary for trade and industry said.

“There is the risk of a further escalation of the ongoing trade conflicts between the U.S. and its key trading partners, which could trigger a sharp fall in global business and consumer confidence.”


Company: cnbc, Activity: cnbc, Date: 2018-11-22  Authors: roslan rahman, afp, getty images
Keywords: news, cnbc, companies, thirdquarter, global, trade, showed, quarter, slower, forecast, gdp, economic, comes, 35, growth, economy, grew, singapores


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