Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

CHINA BUSINESS CONFIDENCE FALLS TO FIVE YEAR LOW

1nx man graph crashing down

Published : , on

MNI China Business Indicator Declines to 50.2 in February from 52.2 in January

Business confidence fell for the second consecutive month in February to its lowest level for five years, indicating a significant weakening in business activity.

The MNI China Business Indicator fell to 50.2 in February from 52.2 in January, the lowest reading since January 2009. The Future Expectations Indicator, which measures business conditions in three months’ time, also deteriorated, falling to 50.6 in February from 57.9 previously and posting the lowest reading since the series began in March 2007.

The Production Indicator fell sharply to the lowest level since February 2011 and the first time below the 50 breakeven level since September 2012. New Orders fell for the second consecutive month to the lowest level since March 2013.

The Credit Availability Indicator rose in February to post the highest reading since October, a possible indication that the authorities have relaxed their tight credit policy or that the credit tightening has been softer than thought.

Commenting on the data, Chief Economist for MNI Indicators Philip Uglow said: “Our survey provides one of the first indications of how the economy performed in February and the results were very poor. Business confidence hit a five-year low while expectations for the future were the lowest on record.

“The Chinese authorities face the unenviable task of trying to achieve a more sustainable growth path, while ensuring that they don’t pull the rug from underneath the economy.”

While the monthly data is seasonally adjusted, accounting for the impact of the Lunar New Year can be difficult. The February and March data in aggregate would provide a clearer guide to the underlying trend.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post