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China Manufacturing Stays Weak, Nikkei Almost Unchanged

Published 05/21/2015, 06:08 AM
Updated 07/09/2023, 06:31 AM
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China: Weak Manufacturing In May

Manufacturing activity remained weak in China in May, according to the preliminary data that were released.

Specifically, the PMI index of HSBC (HK:0005) rose slightly this month to 49.1 points from 48.9 points in April, remaining below the 50 points that separate growth from contraction in activity.

The sub-index for the production of factories reached its lowest level the last 13 months, while the data on new orders, new export orders, employment and stocks were also weak.

The data of May show a further deterioration in operating conditions, said Annabel Finch, economist at Markit Economics.

Nikkei Almost Unchanged

Nikkei closed almost unchanged in Tokyo Stock Exchange today, one day after the rise in a 15-year high, with the investors guaranteeing earnings in view of the meeting of the Bank of Japan (BOJ) on Friday.

Specifically, Nikkei strengthened marginally by 0.03% - for the fifth consecutive day - and closed at 20,202.87 points

The broader index Topix closed with a rise of 0.2% to 1,646.80 points, while JPX-Nikkei Index 400 also rose by 0.2% and closed at 14,892.69 points.

Germany: The Composite PMI Reached A 5-Month Low

The activity of the German manufacturing and services sector slowed significantly in May, announced today by the research firm Markit.

The composite PMI index of Markit (NASDAQ:MRKT) fell to 52.8 points in May from 54.1 points in April – a five-month low - as both services and manufacturing industry declined.

In particular, the manufacturing PMI fell to 51.4 points compared with the 52.1 points of the previous month, while services PMI fell to 52.9 points from 54 points in April.

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