Headline SMEI edged down 0.3pts to 50.4 in November; credit conditions continued to improve.
Performance and expectations sub-indices both retreated into contractionary territory. Manufacturing remained stable; services SMEs reported further declines in sales, price and profitability. Bank credit remained favourable for SMEs; CNY depreciation expectations picked up, Standard Chartered’s economists Hunter Chan and Shuang Ding note. A weak recovery “Our proprietarySmall and Medium Enterprise Confidence Index moderated to 50.4 in November from 50.
Both domestic and external demand stayed solid ahead of the year-end holidays, supporting new orders. Cross-border e-commerce sales picked up again this month. Meanwhile, non-manufacturing SMEs continued to face headwinds, with the sales, investment and profitability sub-indices stayed in contractionary territory for a sixth straight month. Real estate, construction, and retail sales and wholesale remained key drags.
Consumerconfidence Growth 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.
Weekly Horoscope: November 3 - November 9See what the stars have in store for you with this weekly horoscope, including why the cosmos are causing even more stress.
Read more »
November is about to feel much more like November!Mark Johnson has been News 5's Chief Meteorologist since 2003.
Read more »
Weekly Horoscope: November 17 – November 23See what the stars have in store for you with this weekly horoscope, including how you can encourage your own growth.
Read more »
Notice of Availability of Language Assistance Services and Auxiliary Aids and ServicesIlluminating the path to better health through genetic insights
Read more »
November Holidays and Observances 2024 - November Calendar With HolidaysOn the first day of November, NBC’s Vicky Nguyen shares items that are will be on sale this month, including Halloween décor for next year and holiday prep items for Thanksgiving and Christmas. She also shares items to hold off on buying this month.
Read more »
Southern China suspends ferry services as storm brings winds, high waters to coastal regionsParts of coastal southern China have suspended ferry services as a major storm passes into the South China Sea, bringing high winds and heavy waves to much of the region.
Read more »