Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Kolkata is now served daily by Etihad Airways

    March 27, 2023

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    Indian space program places 36 satellites in their intended orbits

    March 27, 2023
    Facebook Twitter Instagram
    Angola ReportAngola Report
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Angola ReportAngola Report
    Home » Manufacturing in China continues to deteriorate as lockdowns persist
    Business

    Manufacturing in China continues to deteriorate as lockdowns persist

    April 30, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    A survey released on Saturday showed that the manufacturing sector in China fell to a six-month slump in April due to lockdowns that were carried out in Shanghai and other manufacturing hubs in the wake of COVID-19 outbreaks that were reported in the country. On a 100-point scale, the country’s purchasing managers’ index, which is released once a month by the National Bureau of Statistics of China, has dropped to 47.4 from 49.5 in March. Numbers below 50 indicate contraction in activity.

    Manufacturing in China continues to deteriorate as lockdowns persistThe outbreaks of COVID-19 in China have affected the country’s factory activities as well as market demand, according to the bureau’s statistician. As a result of the economic downturn, some companies have cut production or even stopped production, disrupting logistics and the supply of raw materials and components.

    During the month of April, Shanghai, China’s most populous city, was locked down for weeks. This week, millions of residents in Beijing were subjected to mass testing. According to the authorities in Changchun and Jilin, Changchun and the northeast region are also in lockdown and have forced all automakers, factories, and other businesses to close. A number of other smaller Chinese cities have also been subjected to city-wide or district-level lockdowns.

    Over the same period, non-manufacturing business activity decreased by 6.5 percentage points, according to the Central Bureau of Statistics. In the service sector, activity fell in February to 40 after rising to 46.7 in February of the previous year. During the outbreaks, air travel, lodging, and catering all suffered adverse effects, the bureau said.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    The third largest fish producer in the world, India accounts for 8 percent of global production

    March 25, 2023

    A gold price peak may be near – and it may last

    March 23, 2023

    Credit Suisse and UBS are in talks to merge – FT

    March 18, 2023
    Latest News

    Kolkata is now served daily by Etihad Airways

    March 27, 2023

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    The third largest fish producer in the world, India accounts for 8 percent of global production

    March 25, 2023

    Canadian legislature laughs after Biden accidentally applauds China

    March 25, 2023

    An oasis of tranquility for the diverse Abu Dhabi community – Abrahamic Family House

    March 24, 2023

    Globally, water pollution and sanitation are major problems – UN

    March 23, 2023

    A gold price peak may be near – and it may last

    March 23, 2023

    Ibrahimovic is back with Sweden but is not thinking about Euro 2024

    March 21, 2023
    © 2023 Angola Report | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.