China factory growth stalls
BEIJING canada goose (Reuters) canada goose store Growth in China vast factory Canada Goose Online sector stalled in November, with output contracting for the first time in six canadian goose jacket months, a private buy canada goose jacket cheap survey showed on Thursday, adding to uk canada goose outlet signs that the economy may still be losing traction.
An employee works at a machine manufacturing factory in Huaibei, Anhui canada goose uk black friday province, September 1, 2014. REUTERS/Stringer/Files
The reading is the latest in a string of weak figures in recent weeks, strengthening the case for more stimulus to avert a sharper slowdown in the canada goose black friday sale world second largest economy.
Hurt by a cooling property sector, erratic foreign demand and Canada Goose sale slackening domestic investment growth, China Canada Goose Coats On Sale economy is seen posting its weakest annual growth in 24 years this year at 7.4 percent.
The Canada Goose Jackets flash HSBC/Markit manufacturing purchasing managers index (PMI) fell to a six Canada Goose Clearance month low of 50.0 from a final reading of 50.4 in October and well below canada goose uk shop the 50.3 forecast by analysts.
A reading above 50 indicates expansion, while one below 50 points to contraction on a monthly basis.
are still expecting 7.1 percent growth for the fourth quarter, said Shen Minggao, an economist at Citi.
economy is still under downward pressure and we expect canada goose clearance three rate cuts from now until the middle of next year, said Shen, buy canada goose jacket who expected interest canada goose coats rates to be uk canada goose cut by 25 basis points each time.
To re canada goose clearance sale energise the economy, the government has rolled out canada goose uk outlet a steady stream of stimulus since April that has put a floor beneath flagging growth. The ailing property market, for example, is showing some tentative signs of possibly bottoming out, though it may remain weak well into 2015.
But with large sections of the economy still listless, many analysts expect more policy support in coming months.
pressures remain strong and the labour market Canada Goose Parka showed further signs of weakening, said Hongbin Qu, chief China economist at HSBC.
still see uncertainties in the months ahead from the property market cagooseclearance and on the export front. We think more monetary and fiscal easing measures should be deployed.
Thursday PMI showed Canada Goose Outlet overall new orders picked up slightly but new export orders slowed markedly, dragging canada goose factory sale on activity. The factory output sub index fell to 49.5, the first contraction since May.
Employment Canada Goose online also shrank slightly last month, with a sub index for jobs falling to 48.4 from October 48.9. canada goose coats on sale Senior Chinese leaders including Premier Li Keqiang have said that keeping the labour market healthy is a crucial policy priority.
In a sign that activity could stay sluggish next year, the country top economic planner said on Wednesday that cheap Canada Goose the economy faces increasing downward pressure in 2015, while the cabinet cheap canada goose uk promised to help lower funding costs by giving banks more flexibility to lend.