It reports Reuters.
After two months of weaker numbers ended the both the state innkjøpssjefsindeksen (PMI) and the Caixin-index 51,2 in October, writes the news agency. For the latter, it is the highest level in a long time.
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A survey of 26 analysts in advance showed that the expectations of the government PMI was less than 50,4 – liked in the last two months. The expectations of Caixin was the weaker, on the 50,2 percent.
*PMI-the figures are an indicator of whether the industry is in the process of scaling down or increase production. The so-called innkjøpssjefsindeksen is therefore an important temperature gauge in the economy.
* China has two PMI indices: The state and the private Caixin.
* The two indices have two particular differences: Markit index is more weighted towards small and medium-sized companies, and thus more representative for the mediansselskapet in the chinese economy than the NBS-index, which in a greater degree representing the major companies.
*Secondly, have NBS index is quite clearly sesongmønster, even though it is supposed to be seasonally adjusted. It means that one should be more was when one interprets the changes in the index.
(Source: DNB/E24)
While the state-run Caixin-the index is weighted towards small and medium-sized companies, and thus is more representative for the medianselskapet in the economy, represents the state in a greater extent large companies.
Since 2005, Caixin-index, with a few exceptions shown in more limited activity in the economy than the official PMI numbers, according to Nordea Markets.
High GDP growth rate
Overall, the growing chinese economy 6.7 per cent in the third quarter. It was slightly below the consensus, and exactly the same level as the previous two quarters.
at the same time, increased industrial production by 6.1 per cent in september compared with the previous year, slightly below expectations. Investments in fixed assets and infrastructure rose by 8.2 per cent, in line with the expectations, and retail sales increased by 10.7 per cent.
the GDP figure can reduce the chances of a hard landing for China, but several economists warn that the stabilization will not last long.
The recent collection is living on borrowed time, given that it has largely been driven by faster credit growth and a boom in the housing market, which the authorities are now working to limit. While the increase as a result of political stimuli begins to decline, probably at some point early next year, persistent structural factors mean that the economy is starting to slow down again, said economist Julian Evans-Pritchard at Capital Economics, in a note, according to CNBC.
Unchanged interest rate in Japan
The japanese Nikkei index fell from 0.05 Tuesday morning after the Bank of Japan warned that they keep the key rate unchanged at-0.1 percent. At the same time adjust the down the prospects for consumer price inflation.
the Decision was made by a majority of seven against two, informs the central bank in a press release. Here alerts they also that they will continue to buy government bonds so that tiårsrenten is stable at around zero percent.
Also the australian central bank has on Tuesday elected to keep the interest rate unchanged.
Mixed drops in Asia
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Such is the evolution of the asian stock exchanges on Tuesday morning:
* the Nikkei, tokyo down by 0.04 per cent
* Shanghai up to 0.37 per cent
* the Hang Seng, hong Kong up 1,16%
* PATH, Singapore up 0,53%
* Kospi, Seoul down to 0.25 per cent
* the ASX 200, Sydney down 0,59 percent
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