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Manufacturing PMI® At 48 7%; May 2024 Manufacturing ISM® Report On Business®: Textile Mills Sector Reports Growth

Manufacturing PMI® At 48 7%; May 2024 Manufacturing ISM® Report On Business®: Textile Mills Sector Reports Growth
textileworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from textileworld.com Daily Mail and Mail on Sunday newspapers.

BBCNEWS Business Today June 4, 2024 00:39:00

if we go if what we saw last week, which was the official pmi data, we saw the manufacturing sector go back and a contraction after two months of showing expansion. and if you look under the hood of that top line figure, there was weakness across the board. so we had the new orders subcomponent drop back below 50 that shows contraction in the sector. new export orders as well showing contraction and that s a real concern for china because it s put so many eggs in this manufacturing basket, that really is probably the only bright spot of china s economy at the moment, when you ve got households that aren t spending and property market that continues to go south. so if you see these real loan growth drivers starting to struggle, than that really does cloud it s 2024 and beyond 0utlook. chinese fast fashion giant shein is expected to confidentially file for a listing in london, according to media reports. the move, which was first reported by sky news, could take place in the coming d

BBCNEWS Business Today June 4, 2024 23:39:00

on that going forward. we are expecting some pmi data out in the next few hours. what are your expectations then? if we go if what we saw last week, which was the official pmi data, we saw the manufacturing sector go back and a contraction after two months of showing expansion. and if you look under the hood of that top line figure, there was weakness across the board. so we had the new orders subcomponent dropping below 50 that shows contraction in the sector. new export orders as well showing contraction and that s a real concern for china because it s put so many eggs in this manufacturing basket, that really is probably the only bright spot of china s economy at the moment, when you ve got households that aren t spending and property market that continues to go south. so if you see these real loan growth drivers starting to struggle, than that really does cloud it s 2024 and beyond 0utlook.

India services PMI falls to 60 8 in April from 61 2 in March

The final HSBC India Composite PMI fell to 61.5 in April from 61.8 a month ago. However, the latest reading was one of the highest in almost 14 years.

Manufacturing PMI® at 49 2%; April 2024 Manufacturing ISM® Report On Business® — Textile Mills Reported Growth

Manufacturing PMI® at 49 2%; April 2024 Manufacturing ISM® Report On Business® — Textile Mills Reported Growth
textileworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from textileworld.com Daily Mail and Mail on Sunday newspapers.

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