China March manufacturing activities grow, rail freight volume up

[TaiShang]

China March manufacturing activities grow

Source: Global Times Published: 2019/3/31

The official manufacturing Purchasing Managers' Index (PMI) rose to 50.5 in March from 49.2 in February, according to data released by the National Bureau of Statistics on Sunday, indicating that the effects of government stimulus policies have kicked in and easing concerns that China may encounter a sharp economic contraction.

The uptick indicated a rebound on both the demand and supply sides as a result of government efforts to cut taxes and fees, Zhao Qinghe, a senior statistician of the NBS, said in a statement posted on the bureau's website.

The official non-manufacturing PMI in March rose to 54.8 from the previous month's 54.3, showing greater resistance to the economic slowdown.

The composite PMI in March climbed to 54 from previous month's 52.4, which indicated that the growth of domestic companies' production and operating activities has speeded up, Zhao concluded.

**

China's rail freight volume up 3.3 pct in Jan-Feb
Source:Xinhua Published: 2019/3/31 17:09:13

China's rail freight volume, an indicator of broad economic activity, climbed 3.3 percent in the first two months of the year, official data showed.

The country's railways carried a total of 665.25 million tonnes of freight for January-February, according to data from the National Bureau of Statistics.

In February alone, the rail freight volume fell 2.2 percent from one year earlier to 297.69 million tonnes.

However, because of the travel rush during the Spring Festival, China's Lunar New Year, railway passenger volume surged 11.6 percent year on year last month and rose 13.4 percent in the first two months.

The data came after other indicators, including industrial production, retail sales and fixed-asset investment, showed the country's economic growth remained generally stable in the first two months.

http://www.globaltimes.cn/content/1144101.shtml

Still waiting...

 

[52051]

Meanwhile China's stock market has already entered bull region, grown much higher than the start of the trade war already.

The US has neither brain nor the muscle to win a trade war against China, they will registered their 3rd miserable defeats vs China since the end of WW2.

They need to try something harder, like start a massive misadventure in South China sea or Korea or Taiwan such that China military force can show total domination over them and crush the hype of the so-called US military power and throw it to its rightful place: the toilet.

 

[oprih]

Nice, China's growth is unstoppable.

@Get Ya Wig Split is this the winning that your clown president promised for your country.

 

[bobsm]

Nice, China's growth is unstoppable.

@Get Ya Wig Split is this the winning that your clown president promised for your country.

Meanwhile in the US:

US Economy Slowed Down In Q4 2018, GDP Revised Down To 2.2%
By Arthur Villasanta
03/28/19 AT 10:26 PM
U.S. corporate profits failed to improve for the first time in more than two years even as revised data showed GDP growth decelerating more than expected to 2.2 percent during the fourth quarter of 2018.

Economists said there are signs the slowdown in business growth continued into Q1 2019. They reported small gains in retail sales and unremarkable growth in homebuilding and manufacturing production. The second quarter of 2019 might see a continuation of this trend.

Federal data confirms weak profits in the fourth quarter of 2018. Surprisingly, after-tax corporate profits were unchanged for the first time since the third quarter of 2016. This metric grew at a 3.5 percent rate in the third quarter of 2018.

Growth in consumer spending came in at a 2.5 percent rate in the fourth quarter instead of the previously reported 2.8 percent. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, is being boosted by the strong labor market and the rising number of employed persons.

Growth in business spending on equipment was revised by the government to the lower figure of 6.6 percent from a 6.7 percent. Investment in intellectual products was cut to a 10.7 percent rate from the 13.1 percent pace.

The revised figure for investments in residential construction now shows it contracting at 4.7 percent instead of 3.5 percent rate, marking the fourth straight quarterly decline.

Analysts note this sobering data reflects the slowing down of the broader U.S. economy, which is being battered by weak global growth and the intractable trade war with China. Then there’s Brexit and the economic and political uncertainties it’s unleashed that are bad for business.

Combined, these factors contributed to the U.S. Federal Reserve’s decision last week to rule out any more rate hikes for this year after increasing borrowing costs four times in 2018.

The much weaker U.S. economy, however, is the biggest drag on business. Revised federal data released Thursday shows the economy slowing more than initially thought in Q4.

U.S. GDP rose at only a 2.2 percent annualized rate, said the U.S. Department of Commerce on in its third reading of fourth-quarter GDP growth. That revision compares to the 2.6 percent pace estimated in February. The economy grew 3.4 percent in Q3 2018.

more @ https://www.ibtimes.com/us-economy-slowed-down-q4-2018-gdp-revised-down-22-2780945

 

[oprih]

Meanwhile in the US:

US Economy Slowed Down In Q4 2018, GDP Revised Down To 2.2%
By Arthur Villasanta
03/28/19 AT 10:26 PM
U.S. corporate profits failed to improve for the first time in more than two years even as revised data showed GDP growth decelerating more than expected to 2.2 percent during the fourth quarter of 2018.

Economists said there are signs the slowdown in business growth continued into Q1 2019. They reported small gains in retail sales and unremarkable growth in homebuilding and manufacturing production. The second quarter of 2019 might see a continuation of this trend.

Federal data confirms weak profits in the fourth quarter of 2018. Surprisingly, after-tax corporate profits were unchanged for the first time since the third quarter of 2016. This metric grew at a 3.5 percent rate in the third quarter of 2018.

Growth in consumer spending came in at a 2.5 percent rate in the fourth quarter instead of the previously reported 2.8 percent. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, is being boosted by the strong labor market and the rising number of employed persons.

Growth in business spending on equipment was revised by the government to the lower figure of 6.6 percent from a 6.7 percent. Investment in intellectual products was cut to a 10.7 percent rate from the 13.1 percent pace.

The revised figure for investments in residential construction now shows it contracting at 4.7 percent instead of 3.5 percent rate, marking the fourth straight quarterly decline.

Analysts note this sobering data reflects the slowing down of the broader U.S. economy, which is being battered by weak global growth and the intractable trade war with China. Then there’s Brexit and the economic and political uncertainties it’s unleashed that are bad for business.

Combined, these factors contributed to the U.S. Federal Reserve’s decision last week to rule out any more rate hikes for this year after increasing borrowing costs four times in 2018.

The much weaker U.S. economy, however, is the biggest drag on business. Revised federal data released Thursday shows the economy slowing more than initially thought in Q4.

U.S. GDP rose at only a 2.2 percent annualized rate, said the U.S. Department of Commerce on in its third reading of fourth-quarter GDP growth. That revision compares to the 2.6 percent pace estimated in February. The economy grew 3.4 percent in Q3 2018.

more @ https://www.ibtimes.com/us-economy-slowed-down-q4-2018-gdp-revised-down-22-2780945

Another us recession is coming.