August PMIs point to a moderated growth momentum and call for further monetary easing
Published on Monday, September 1, 2014 | Updated on Monday, September 1, 2014
August PMIs point to a moderated growth momentum and call for further monetary easing
Summary
August Manufacturing PMI figures suggest that China’s economy is losing growth momentum. The PMI components show that new export order index contracted to the 50.0 dividing line, indicating the uncertainties of the external demand while Small and Medium Enterprises face difficulties in terms of bank credit accessibility. From the policy stance, we anticipate the authorities will adopt more growth-supportive easing measures.
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Le Xia
BBVA Research - Chief Economist
Jinyue Dong
BBVA Research - Principal Economist