China SMEI: Performance weakens further in August – Standard Chartered
20.08.2024, 11:10

China SMEI: Performance weakens further in August – Standard Chartered

Headline SMEI edged down to a 20-month low of 49.6 in August as performance sub-index fell further. All key performance sub-indices, except financing, fell below 50; this suggests broad-based weakening. Expectations sub-index stayed above 50, indicating stable sentiment among SMEs, Standard Chartered economists Hunter Chan and Shuang Ding notes.

Manufacturing is running out of steam

“Our proprietary Small and Medium Enterprise Confidence Index (SMEI; Bloomberg: SCCNSMEI <Index>) dropped to 49.6 in August, the lowest reading since end-2022, after rebounding to 50.4 in July. The overall performance sub-index edged down 0.9pts to 48.8 in August, staying below 50 for a third straight month. Meanwhile, the expectations sub-index stayed above 50 at 50.2.”

“Manufacturing SMEs reported m/m declines in sales and production in August, the first time after Lunar New Year in February. Notably, the new orders sub-index dropped 5.7pts to an eight-month low of 50, despite a rebound in new export orders, suggesting softer domestic demand. The services and trading SME performance sub-index retreated to 48.5 in August, staying in contractionary territory for a third straight month.”

“Banks remained supportive of SME financing. Meanwhile, liquidity conditions worsened from July on a further lengthening of receivables turnover and decline in cash surplus. As a result, the credit sub-index edged down to 49.9 in August. More surveyed SMEs expect the CNY to strengthen against the USD in the coming three months compared to July.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik