{"id":1663343,"date":"2022-09-29T00:50:10","date_gmt":"2022-09-29T04:50:10","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1663343"},"modified":"2022-09-29T00:50:40","modified_gmt":"2022-09-29T04:50:40","slug":"chinas-sept-factory-activity-set-for-third-straight-monthly-contraction-reuters-poll","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinas-sept-factory-activity-set-for-third-straight-monthly-contraction-reuters-poll\/","title":{"rendered":"China\u2019s Sept factory activity set for third straight monthly contraction \u2013 Reuters poll"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchinas-sept-factory-activity-set-for-third-straight-monthly-contraction-reuters-poll%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1663343&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>BEIJING (Reuters) \u2013     China\u2019s factory activity is expected to have shrunk for a third month in a row in September, a Reuters poll showed on Thursday, as strict COVID measures in big cities and weakening exports growth hit orders and business confidence. <\/p>\n<p>The official manufacturing Purchasing Manager\u2019s Index (PMI) was forecast at 49.6 for this month, a touch higher from 49.4 in August, according to the median forecast of 26 economists polled by Reuters. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The 50-point mark separates contraction from growth.<\/p>\n<p>China\u2019s economy showed some improvements in August with faster-than-expected growth in factory output and retail sales, but protracted COVID restrictions, softening exports momentum and the continued drag from a stressed property sector have dimmed the outlook.<\/p>\n<p>On Tuesday, data showed profits at China\u2019s industrial firms shrank at a faster pace in January-August. <\/p>\n<p>Chengdu, a mega city with a population of 21 million in southwestern Sichuan province, was locked down on Sept. 1 after COVID cases were detected, becoming the largest Chinese metropolis to be hit with curbs since Shanghai\u2019s lockdown in April and May.<\/p>\n<p>Shenzhen, the tech hub in southern China with a population of 18 million, has also adopted tiered anti-virus measures in early September.<\/p>\n<p>\u201cThis could contribute to falls in orders, employment and business confidence,\u201d Min Joo Kang, an economist at ING, said in a note, referring to the recent fresh COVID curbs.<\/p>\n<p>Many economists see China\u2019s zero-COVID policy as a major constraint on growth. <\/p>\n<p>While steel demand and production strengthened in the first three weeks of September compared with August, analysts at Goldman Sachs pointed to a soft underbelly with export growth appearing to have deteriorated further. <\/p>\n<p>\u201cContainer throughput data for the first 10 days of September declined 15% year-on-year partially on port disruptions due to typhoons, which might drag on manufacturing activity growth,\u201d they said.<\/p>\n<p>Goldman Sachs revised down its 2023 China GDP growth forecast to 4.5% from a previous projection of 5.3%, and predicted that Beijing is unlikely to begin reopening before the second quarter next year.<\/p>\n<p>The official manufacturing PMI, which largely focuses on big and state-owned firms, and its survey for the services sector, will be released on Friday.<\/p>\n<p>The private sector Caixin manufacturing PMI, which centres more on small firms and coastal regions, will also be published on Friday. Analysts expect a headline reading of 49.5 for that, the same as for August.<\/p>\n<p>($1=7.2235 Chinese yuan renminbi)<\/p>\n<p> (Polling by Anant Chandak; Reporting by Ellen Zhang and Ryan Woo; Editing by Shri Navaratnam)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/chinas-sept-factory-activity\/attachment\/people-wearing-protective-face-masks-walk-on-a-street-following\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8S062-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8S062-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING (Reuters) \u2013 China\u2019s factory activity is expected to have shrunk for a third month in a row in September, a Reuters poll showed on Thursday, as strict COVID measures<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1663343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1663343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1663343"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1663343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1663343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1663343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1663343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}