Data from China's statistic bureau shows that, in April, the nation's factory activity witnessed a decline. This as&nbsp;per news agency AP, signals the challenges policymakers face in their efforts to sustain the country's economic recovery.

The official survey undertaken by the government's statistic bureau and an official industry group was published on Sunday. It showed that China's monthly purchasing managers' index declined to 49.2 from 51.9 in March. On the 100-point scale, numbers below 50 indicate that activity is contracting.

In addition, as per the National Bureau of Statistics and the China Federation of Logistics &amp; Purchasing, measures of production, new orders and even employment dropped in April.

However, the index for production remained above 50, which, as per the authorities, signals that there was still an expansion.

According to China's National Bureau of Statistics, the country's manufacturing purchasing managers' index (PMI) fell to 51.1 in April from 51.9 in March.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/commodity-prices-set-to-plunge-in-2023-but-relief-for-consumers-remains-elusive-world-bank-report-587034">Commodity prices set to plunge in 2023, but relief for consumers remains elusive: World Bank report</a>

Zhao Qinghe, China's National Bureau of Statistics' senior statistician, said that this decline in the manufacturing purchasing managers' index was due to inadequate market demand and a relatively high base figure recorded in the first quarter when recovery was fast. This suggests that the economic recovery in China may be slowing down.

In the first quarter, after the Chinese government's abrupt end to coronavirus control regulations, the nation's economic growth accelerated. In spite of that, authorities had warned that in the coming months, amid an uncertain global economic outlook, China will face import and export pressures. They also cautioned that the nation may face inadequate domestic market demands.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/intel-posts-biggest-quarterly-loss-amid-us-china-semiconductor-wars-586816">Intel posts biggest quarterly loss as PC sales drop, chip wars intensify</a>

Data shows that the non-manufacturing&nbsp;commercial activity index decreased to 56.4 from 58.2 in March, while the composite PMI dropped to 54.4 from 57.0.&nbsp;

These figures suggest a slowing down of China's economic recovery.&nbsp;

Earlier this year, the Chinese government set a conservative economic growth target of "around 5 per cent" for this year. This target will only be met if GDP grows faster in the months ahead. To achieve this, the government plans to implement various policies to stabilise growth, stimulate domestic demand, and support the development of emerging industries.

(With inputs from agencies) 
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Data from China's statistic bureau shows that, in April, the nation's factory activity witnessed a decline. This as per news agency AP, signals the challenges policymakers face in their efforts to sustain the country's economic recovery.

Data from China's statistic bureau shows that, in April, the nation's factory activity witnessed a decline. This as per news agency AP, signals the challenges policymakers face in their efforts to sustain the country's economic recovery. The official survey undertaken by the government's statistic bureau and an official industry group was published on Sunday. It showed that China's monthly purchasing managers' index declined to 49.2 from 51.9 in March. On the 100-point scale, numbers below 50 indicate that activity is contracting. In addition, as per the National Bureau of Statistics and the China Federation of Logistics & Purchasing, measures of production, new orders and even employment dropped in April. However, the index for production remained above 50, which, as per the authorities, signals that there was still an expansion. According to China's National Bureau of Statistics, the country's manufacturing purchasing managers' index (PMI) fell to 51.1 in April from 51.9 in March. Also read | Commodity prices set to plunge in 2023, but relief for consumers remains elusive: World Bank report Zhao Qinghe, China's National Bureau of Statistics' senior statistician, said that this decline in the manufacturing purchasing managers' index was due to inadequate market demand and a relatively high base figure recorded in the first quarter when recovery was fast. This suggests that the economic recovery in China may be slowing down. In the first quarter, after the Chinese government's abrupt end to coronavirus control regulations, the nation's economic growth accelerated. In spite of that, authorities had warned that in the coming months, amid an uncertain global economic outlook, China will face import and export pressures. They also cautioned that the nation may face inadequate domestic market demands. Also read | Intel posts biggest quarterly loss as PC sales drop, chip wars intensify Data shows that the non-manufacturing commercial activity index decreased to 56.4 from 58.2 in March, while the composite PMI dropped to 54.4 from 57.0. These figures suggest a slowing down of China's economic recovery. Earlier this year, the Chinese government set a conservative economic growth target of "around 5 per cent" for this year. This target will only be met if GDP grows faster in the months ahead. To achieve this, the government plans to implement various policies to stabilise growth, stimulate domestic demand, and support the development of emerging industries. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

China manufacturing dips in April, latest figures suggest a slowing down of economic recovery

Manufacturing activities in China witnessed a sharp decline in December &nbsp;2022, according to the official data released by China's national bureau for statistics (NBS). The Purchasing Managers' Index (PMI) recorded in December 2022 was down to 47, compared to 48 in the previous month.&nbsp;&nbsp;

China's sudden relaxation of its zero-Covid policy, followed by the rapid spread of COVID-19, has hurt the nation's overall production. The PMI is a fundamental measure in the world's second-biggest economy, and a recording below 50 indicates a downturn in factory activities. NBS obtains the PMI from a survey of large-scale and state-owned companies.&nbsp;

Also read|<a href="www.wionews.com/world/china-looking-at-indian-market-for-approved-covid-19-drugs-as-demand-increases-547447">&nbsp;</a><a href="www.wionews.com/world/china-looking-at-indian-market-for-approved-covid-19-drugs-as-demand-increases-547447">China looking at Indian market for approved COVID-19 drugs as demand increases</a>

Since February 2020, China did not see such a steep contraction in manufacturing activities. The rapidly plunging output (December vs November) was 44.6 vs 47.8. The new orders received were 43.9, and export sales were 44.2 vs 46.7.

Purchasing activity declined for the third time in a row, and the employment rate decreased sharply. With the most profound fall in the last eight months, the buying activity was 44.9 vs 47.1, and the employment rate was 44.8 vs 47.4.&nbsp;

Watch |&nbsp;WHO calls up China to step up Covid response, urges to share more Covid data too

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The input cost rose steeply for the fourth month&nbsp;running, while the output charges lengthened for the eighth successive month. Furthermore, delivery time grew significantly.&nbsp;

However, the fact remains that the PMI has not contracted up to this extent in nearly three years. While this is concerning, Trading Economics predicted the business confidence (PMI) as 49.5 by the end of this quarter.&nbsp;

The average PMI of China is 51.45 from 2005 to 2022. It peaked in April 2008 at 59.2 points and recorded its lowest at 35.7 in February 2020. According to the global macro model and analysts' anticipations, the PMI might trend around 52 points in 2023 and 51 in 2024. 
 
(With inputs from agencies)

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Manufacturing activities in China witnessed a sharp decline in December 2022, according to the official data released by China's national bureau for statistics (NBS).

Manufacturing activities in China witnessed a sharp decline in December 2022, according to the official data released by China's national bureau for statistics (NBS). The Purchasing Managers' Index (PMI) recorded in December 2022 was down to 47, compared to 48 in the previous month. China's sudden relaxation of its zero-Covid policy, followed by the rapid spread of COVID-19, has hurt the nation's overall production. The PMI is a fundamental measure in the world's second-biggest economy, and a recording below 50 indicates a downturn in factory activities. NBS obtains the PMI from a survey of large-scale and state-owned companies. Also read| China looking at Indian market for approved COVID-19 drugs as demand increases Since February 2020, China did not see such a steep contraction in manufacturing activities. The rapidly plunging output (December vs November) was 44.6 vs 47.8. The new orders received were 43.9, and export sales were 44.2 vs 46.7. Purchasing activity declined for the third time in a row, and the employment rate decreased sharply. With the most profound fall in the last eight months, the buying activity was 44.9 vs 47.1, and the employment rate was 44.8 vs 47.4. Watch | WHO calls up China to step up Covid response, urges to share more Covid data too The input cost rose steeply for the fourth month running, while the output charges lengthened for the eighth successive month. Furthermore, delivery time grew significantly. However, the fact remains that the PMI has not contracted up to this extent in nearly three years. While this is concerning, Trading Economics predicted the business confidence (PMI) as 49.5 by the end of this quarter. The average PMI of China is 51.45 from 2005 to 2022. It peaked in April 2008 at 59.2 points and recorded its lowest at 35.7 in February 2020. According to the global macro model and analysts' anticipations, the PMI might trend around 52 points in 2023 and 51 in 2024. (With inputs from agencies) WATCH WION LIVE HERE

China's manufacturing activity plunges in December amid Covid flare-up after ease in curbs

China's manufacturing activity dipped for the second straight month in August amid record heatwave and drought.

The manufacturing Purchasing Managers&nbsp;Index (PMI) rose to 49.4 from 49 last month, according to China's National Bureau of Statistics, however, it was still below the 50-point mark which defines contraction from expansion.&nbsp;

<a href="https://www.wionews.com/world/amid-a-spike-in-covid-cases-china-closes-worlds-largest-electronic-market-in-shenzhen-511257">Also Read:&nbsp;China closes world's largest electronic market in Shenzhen</a>

China's manufacturing index expanded in June but it fell last month amid power shortages and unprecedented drought conditions in the country. China's Sichuan province was hit with an acute power crisis as it shut down factories amid the heatwave. Sichuan is a major auto manufacturing hub which hosts the Toyota factory also.

Watch:&nbsp;Global ramifications of China's drought; world stares at more food shortage

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Reports claim authorities in Sichuan province began restoring power to some factories after strict emergency energy supply measures were introduced. Malls in Sichuan and Chongqing were forced to cut down on their opening hours as the power crisis led to a deep economic crisis in the area.

Sichuan also produces half of China's lithium which is used in batteries for electric vehicles. Reports claim at least 19 out of 21 cities in the province were forced to suspend industrial production as the electricity crisis along with the rampant heatwave led to soaring temperatures. Hydropower generation was also hit as water volumes shrunk in Sichuan's rivers. Chinese authorities said the country has been experiencing the longest period of high temperature for the first time since 1961.

At least five million people in southwest China faced power cuts amid the&nbsp;electricity supply crunch. Temperatures in Sichuan province surpassed 40 degrees Celsius and the demand for air conditioning spiked further&nbsp;exacerbating the energy shortage.

(With inputs from Agencies)

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China's manufacturing activity dipped for the second straight month in August amid record heatwave and drought. The manufacturing Purchasing Managers Index (PMI) rose to 49.

China's manufacturing activity dipped for the second straight month in August amid record heatwave and drought. The manufacturing Purchasing Managers Index (PMI) rose to 49.4 from 49 last month, according to China's National Bureau of Statistics, however, it was still below the 50-point mark which defines contraction from expansion. Also Read: China closes world's largest electronic market in Shenzhen China's manufacturing index expanded in June but it fell last month amid power shortages and unprecedented drought conditions in the country. China's Sichuan province was hit with an acute power crisis as it shut down factories amid the heatwave. Sichuan is a major auto manufacturing hub which hosts the Toyota factory also. Watch: Global ramifications of China's drought; world stares at more food shortage Reports claim authorities in Sichuan province began restoring power to some factories after strict emergency energy supply measures were introduced. Malls in Sichuan and Chongqing were forced to cut down on their opening hours as the power crisis led to a deep economic crisis in the area. Sichuan also produces half of China's lithium which is used in batteries for electric vehicles. Reports claim at least 19 out of 21 cities in the province were forced to suspend industrial production as the electricity crisis along with the rampant heatwave led to soaring temperatures. Hydropower generation was also hit as water volumes shrunk in Sichuan's rivers. Chinese authorities said the country has been experiencing the longest period of high temperature for the first time since 1961. At least five million people in southwest China faced power cuts amid the electricity supply crunch. Temperatures in Sichuan province surpassed 40 degrees Celsius and the demand for air conditioning spiked further exacerbating the energy shortage. (With inputs from Agencies) WATCH WION LIVE HERE

Chinese manufacturing contracts for second straight month amid drought, power shortage