{"id":70013,"date":"2015-03-24T03:15:26","date_gmt":"2015-03-24T07:15:26","guid":{"rendered":"http:\/\/countingpips.com\/?p=70013"},"modified":"2015-03-24T07:35:15","modified_gmt":"2015-03-24T11:35:15","slug":"chinas-manufacturing-sector-contracts-in-march","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/03\/chinas-manufacturing-sector-contracts-in-march\/","title":{"rendered":"China\u2019s manufacturing sector contracts in March"},"content":{"rendered":"<div id=\"inves-2335519609\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 24, 2015<\/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 HSBC manufacturing PMI number came in lower in March, indicating to markets that there was a slight deterioration in the health of the world\u2019s second largest economy.<\/p>\n<p>Activity in China\u2019s manufacturing sector contracted in March according to the flash estimate which came in at 49.2. Economists had forecast a reading of 50.6, slightly weaker than February\u2019s final PMI of 50.7. A figure above 50.0 indicates industry expansion, while below indicates contraction.<\/p>\n<p>The HSBC manufacturing PMI is based on a survey of about 430 purchasing managers and it asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.<\/p>\n<p>The disappointing PMI number is likely to push the Chinese government to implement more policy easing. Since November, there have been two interest rate cuts, a reduction in the amount of money Chinese banks must keep in reserve and repeated attempts by the central bank (PBOC) to reduce financing costs.<\/p>\n<p>After the data, the Shanghai Composite Index fell 0.8 percent. Other Asian equity markets also suffered losses. Japan\u2019s Nikkei stock average dipped about 0.1 percent, pulling away from the previous session\u2019s 15-year highs.<\/p><div id=\"inves-1941302576\" 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;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The HSBC manufacturing PMI number came in lower in March, indicating to markets that there was a slight deterioration in the health of the world\u2019s second largest economy. Activity in China\u2019s manufacturing sector contracted in March according to the flash estimate which came in at 49.2. Economists had forecast a reading 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-70013","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70013","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=70013"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70013\/revisions"}],"predecessor-version":[{"id":70026,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70013\/revisions\/70026"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=70013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=70013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=70013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}