Manufacturing sector records record growth in December

Jan 02, 2018, 11:16
Manufacturing sector records record growth in December

This is for the fifth consecutive month that the index has come in above 50-point mark that separates expansion from contraction.

The index in December is on par with the annual average, still pointing to a strong resilience in China's growth, according to NBS senior statistician Zhao Qinghe.

The moderate decline in headline PMI was mainly attributable to the lower inventory, while production growth remained solid despite the "unfavorable working day effect", as there were two fewer working days in December 2017 compared with past year, said a CICC research report. This was consistent with the strongest improvement in the health of the sector since December 2012. That said, the level of business confidence remained below the trend observed for the survey history.

The service sector, which accounted for more than half of the country's gross domestic product, continued steady growth, with the sector's business activity index standing at 53.4 in December, well above the boom-bust line of 50, although declining 0.2 points month on month.

Airtel offers RC 93 to rival with Jio RC 98
Recently, Rs 199 recharge plan with 28 days validity has been launched by Airtel as a counter to Jio Happy New Year Plan. Idea continues to offer the highest 4G upload speeds in the country at 7.1Mbps, followed by 6.2Mbps for Vodafone .

Unbelievable period of special full moons begins New Year's Night
As an example, Space.com explained that in Melbourne, Australia, the first full moon comes on January 2 at 1:24 p.m. local time. Supermoons occur due to the fact that the moon is in a slightly elliptical orbit with Earth, rather than a ideal circle.

Video gaming disorder could soon be recognized by the World Health Organization
Not everyone who likes to play video games has gaming disorder - plenty of people play video games without getting a diagnosis. For nearly 30 years people's lifestyles have changed and that includes the growth of gaming in most people's lives.

"Manufacturing operating conditions improved in December, reinforcing the notion that economic growth has stabilized in 2017 and has even performed better than expected", Zhengsheng Zhong, an economist at CEBM Group, said in a statement accompanying Tuesday's release.

However, despite the additional resources, manufacturers' backlogs of work increased for an eighth successive month in December.

The slowdown will continue into 2018 as the government moves forward with its supply-side structural reforms that include curbs on capacity in many industrial sectors.

The research indicates stronger customer demand has led to employment growth surging to a record high, while purchase quantity accelerated to the joint-fastest since February 2011. In turn, new export orders rose at the quickest pace since June.

YOU MIGHT ALSO LIKE
  • China spotted illegally selling oil to North Korea, report says

    China spotted illegally selling oil to North Korea, report says

    On Dec. 15, Trump said Russian Federation - another significant trading partner with North Korea - had failed to help, while China had.
    Orioles All-Star closer Zach Britton suffers ruptured Achilles

    Orioles All-Star closer Zach Britton suffers ruptured Achilles

    Maybe, the Orioles and their top-end closer can come to some sort of a common ground after news of this devastating injury broke. If the Orioles did have the depth to withstand a significant injury, it was in their deep, late-inning bullpen arsenal.
    West Brom 1-2 Manchester United

    West Brom 1-2 Manchester United

    And if they have got any hope at all of producing an unlikely comeback, these are the kind of tricky away trips they need to win. Jose Mourinho's mood was dampened in the second half when Antonio Valencia was forced off with a hamstring injury.
  • Elderly Couple Arrested With $336K of Pot, Claims it Was Christmas Gifts

    Elderly Couple Arrested With $336K of Pot, Claims it Was Christmas Gifts

    After Patrick Jiron , 80, admitted to having marijuana, the deputies performed a search with the help of a drug canine. When they pulled the vehicle over, deputies smelled a pungent odor of marijuana, NPR said.
    Chelsea draw Premier League oppposition in semi-finals of the Carabao Cup

    Chelsea draw Premier League oppposition in semi-finals of the Carabao Cup

    They are showing me great commitment, great behaviours. "Do the recent results against them give us extra motivation? Yes". My players are clever (enough) to go game by game not listen to these rumours - and a lot of them aren't true".
    White House Official Explains Reason Behind Delay of Pence's Mid East Visit

    White House Official Explains Reason Behind Delay of Pence's Mid East Visit

    Pence was expected to travel to Egypt on Wednesday to meet Egyptian President Abdel Fattah el-Sisi before travelling to Israel. Egypt's Coptic Church cancelled a meeting between Mr Pence and Pope Tawadros II following the Jerusalem announcement.
  • Man arrested with weapons in hotel room hours before NYE party

    The downtown hotel had planned a New Year's Eve celebration that expected hundreds of people to attend a 50,000 balloon drop. Investigators said the man was taken into custody at the hotel, where they found several weapons and ammunition in his room.
    Mom: Black Lives Matter icon Eric Garner's daughter in coma

    Mom: Black Lives Matter icon Eric Garner's daughter in coma

    Doctors treating Erica Garner have declared her brain dead with no chance of recovery, according to the New York Daily News . She has been in a coma since then, it said. "She's not gone, she's brain dead", Garner's heartbroken mother explained.
    Tillerson Says US Embassy Move to Jerusalem Unlikely During Trump's Current Term

    Tillerson Says US Embassy Move to Jerusalem Unlikely During Trump's Current Term

    Experts agreed that Tillerson's "talks-without-conditions" remarks have sent a message to the North that it is ready to talk. With a note of desperation, Tillerson continued: "We're ready to have the first meeting without preconditions".
  • South Korea seizes second ship transferring oil to North

    South Korea seizes second ship transferring oil to North

    Beyond his talk of a " nuclear button ", Kim Jong-un's most diplomatically significant remark in the address concerned inter-Korean relations.
    Echo Dot tops Amazon's holiday sales season

    Echo Dot tops Amazon's holiday sales season

    On Prime Video, the most-watched TV season over the holidays was Amy Sherman-Palladino's "The Marvelous Mrs. The most popular item viewed with AR view throughout this holiday season was a black chair with ottoman.
    Kentucky woman killed by two pit bulls and husband hurt

    Kentucky woman killed by two pit bulls and husband hurt

    WYMT reports that Lorraine Saylor was putting out bird seed in her yard when she and her husband were attacked by two pit bulls. The caller said that his brother and sister-in-law were attacked by two of their neighbor's dogs.
popular