Dateline City:
SHANGHAI, China
Shanghai (March 5, 2015)—Machinery production in China this year is forecast to expand by 6.9 percent, the slowest rate since 2012, according to the Chinese Machinery Production Quarterly Tracker report from IHS Inc. (NYSE: IHS).
The banking and financial service institution HSBC announced that its December manufacturing purchasing manager index (PMI) amounted to 49.6, the lowest level for the past eight months. NBS also announced a manufacturing PMI index of December at 49.6, its lowest rate in 18 months. The levels show the weakening of manufacturing activities in China.
Language:
English
