The manufacturing PMI stayed below 50 for a second straight month in June as demand softened.
Real activity growth likely edged down partly due to base effects; export growth may have stayed strong, Standard Chartered Global Research analysts Hunter Chan and Shuang Ding note. Production remained robust amid weak demand “ China ’s official manufacturing PMI stood at 49.5 in June, staying in contractionary territory for a second month. That said, production activity remained resilient. The average production PMI picked up 0.3pt from Q1 to 51.4 in Q2.
” “Industrial production , retail sales and fixed asset investment growth likely edged down in June versus May, partly due to base effects. External demand may have remained resilient, supporting production activity. The consumer goods trade-in programme likely supported retail sales of home appliances.” “PPI deflation likely eased further to 0.5% y/y in June due to a low base, while CPI inflation may have inched up to 0.4% y/y.
Industrialproduction Inflation Banks
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Standard Chartered to Launch Bitcoin and Ether Trading Desk: ReportCrypto Blog
Read more »
Standard Chartered Is Building a Spot BTC, ETH Trading DeskJamie Crawley is a CoinDesk news reporter based in London.
Read more »
Banking Giant Standard Chartered to Launch Bitcoin, Ethereum Trading Desk: DetailsAccording to Bloomberg, crypto trading desk is slated to be managed from London
Read more »
Bitcoin to reach $150,000 if Trump wins presidency, according to Standard CharteredThe U.S. Presidential election has emerged as the next key catalyst for the price of bitcoin.
Read more »
Standard Chartered says bitcoin could hit $100,000 ahead of US electionsStandard Chartered's Geoff Kendrick expects bitcoin to hit $100,000 ahead of the U.S. presidential elections in November of this year.
Read more »
Standard Chartered forecasts bitcoin could hit all-time high in AugustBitcoin could hit a new all-time high in August and increase to $100,000 by the U.S. presidential election, according to Standard Chartered.
Read more »