{"id":54777,"date":"2014-07-24T02:33:52","date_gmt":"2014-07-24T06:33:52","guid":{"rendered":"http:\/\/countingpips.com\/?p=54777"},"modified":"2014-07-24T06:57:17","modified_gmt":"2014-07-24T10:57:17","slug":"chinas-manufacturing-pmi-rises-to-18-month-high","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/07\/chinas-manufacturing-pmi-rises-to-18-month-high\/","title":{"rendered":"China\u2019s manufacturing PMI rises to 18-month high"},"content":{"rendered":"<div id=\"inves-3660816525\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 24, 2014<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The main news releases out of Asia today were from China and Japan, with focus being on the Purchasing Managers Index from both countries.<\/p>\n<p>The HSBC manufacturing PMI from China showed an increase to an 18-month high in July, adding to signs that the government will meet its 2014 economic-growth target of about 7.5 percent. The index gave a reading of 52, compared with the 51 median estimate of analysts and up from a final reading of 50.7 in June. Any figure above 50 indicates expansion.<\/p>\n<p>The upbeat data pushed up China\u2019s Shanghai Composite Index by 0.8 percent, while the city\u2019s benchmark Hang Seng Index added 0.4 percent, heading for its highest close since April 2011.<\/p>\n<p>Meanwhile in Japan, the country\u2019s manufacturing activity expanded at a slower pace in July than in the previous month. The Markit\/JMMA flash PMI fell to a seasonally adjusted 50.8 in July from a final reading of 51.5 in June.<\/p>\n<p>Also Japan\u2019s trade deficit was larger than economists forecast after exports unexpectedly fell. The shortfall in June was 822.2 billion yen, surpassing the 643 billion yen median estimate. Exports shrank 2 percent from a year earlier, while imports rose 8.4 percent. This led to a drop in Japan\u2019s Topix by 0.1 percent and a rise in the yen.<\/p><div id=\"inves-2214641510\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<br \/>\n&nbsp;<br \/>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The main news releases out of Asia today were from China and Japan, with focus being on the Purchasing Managers Index from both countries. The HSBC manufacturing PMI from China showed an increase to an 18-month high in July, adding to signs that the government will meet its 2014 economic-growth target of [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-54777","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/54777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=54777"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/54777\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=54777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=54777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=54777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}