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Showing 1 - 10 of 24 results for "NBS"

Economic recap: Week to September 3

BENJAMIN ONG  |  MONDAY, 6 SEP 2021
... Australia into a double-dip recession. Beijing's cutting down on steel production. The National Bureau of Statistics (NBS) figures show that China's steel output fell to a 15-month low in July. Chinese steel production fell by 8.4%. With the ...

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
... week before the Olympics. Latest data suggest that China's economy continues to slow. The National Bureau of Statistics (NBS) reports that the manufacturing PMI dipped to a reading of 50.9 in June from 51.0 in May while the non-manufacturing PMI ...

Chief economist update: Chinese activity indicators disappoint but growth target intact

BENJAMIN ONG  |  MONDAY, 21 JUN 2021
... This is the one word that describes the latest batch of activity indicators out of China. The National Bureau of Statistics (NBS) released retail sales, industrial production and fixed asset investment that were still stronger than usual -- as they continue ...

Chief economist: The path to normality

BENJAMIN ONG  |  TUESDAY, 18 MAY 2021
... virtually froze social and business activity. But back to the future and the recent stats. The National Bureau of Statistics (NBS) reported that China's retail sales grew by 17.7% in the year to April, slowing from March's year-on-year rate of ...

Chief economist update: Chinese manufacturing ramps up

BENJAMIN ONG  |  THURSDAY, 1 APR 2021
... returned with a vengeance after a brief pause during the country's Lunar New Year holidays. National Bureau of Statistics (NBS) data show that China's manufacturing PMI rebounded to a three-month high of reading 51.9 in March from 50.6 in February. ...

Chief economist update: Iron ore is hot

BENJAMIN ONG  |  WEDNESDAY, 20 JAN 2021
... expectations for a 6.1% gain and accelerating from the third quarter's 4.9% annual rate. The National Bureau of Statistics (NBS) noted that the acceleration in economic growth came mostly from mining, while manufacturing grew at a steady pace, with ...

Chief economist update: No Karens in China

BENJAMIN ONG  |  TUESDAY, 28 JUL 2020
... returned to expansion in May and strengthened even more in June. More recently, China's National Bureau of Statistics (NBS) released data showing that profits at the country's industrial firms jumped by 11.5% in the month of June - the fastest ...

First in first out?

BENJAMIN ONG  |  WEDNESDAY, 1 APR 2020
... several days running aren't good news enough, the latest purchasing managers' survey from the National Bureau of Statistics(NBS) provides an early indication that economic activity there has returned to expansion. The official manufacturing PMI surged ...

Chief economist update: Australia's gentle turning point to turn

BENJAMIN ONG  |  THURSDAY, 5 MAR 2020
... 2020 Chinese economic growth forecast to 4.9%. This figure is consistent with the latest China PMI readings. The official NBS Manufacturing PMI dropped to a reading of 35.7 in February from 50.0 in the previous month. This is the lowest level on record ...

Chief economist update: Chinese green shoots?

BENJAMIN ONG  |  MONDAY, 2 DEC 2019
... indication enough that China's manufacturing sector has stopped contracting. The official National Bureau of Statistics (NBS) China manufacturing PMI increased to a reading of 50.2 in November - 50 separates contraction from expansion - from 49.3 ...
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