Decline in Chinese factory output threatens recovery

clock •

A sharp fall in factory output in China cast a shadow over the global economy yesterday as the eurozone remained mired in recession.

HSBC said its purchasing managers' index for Chinese manufacturers - where scores below 50 represent decline - fell from 49.2 in May to a nine-month low of 48.3 in June, the Daily Mail reports. It fuelled fears that the world's second-largest economy is slowing and could miss its growth target of 7.5% having expanded at its weakest pace for 13 years in 2012. Mixed figures in the US failed to lift the mood. US home sales hit a three-and-a-half year high in May and factory output in the Mid-Atlantic region rebounded strongly this month. But it was not enough to stop American manufact...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Fahad Hassan: When good news becomes an inflation problem

Fahad Hassan: When good news becomes an inflation problem

'Markets have been adjusting to the risks through valuations all year'

Fahad Hassan
clock 29 September 2026 • 6 min read
Healey promises 'new age of industrialisation' ahead of Budget

Healey promises 'new age of industrialisation' ahead of Budget

Keeps quiet on personal taxation, pensions or savings at Labour’s conference

Isabel Baxter
clock 28 September 2026 • 2 min read
MPs warn policymakers to stop using OBR as scapegoat for tough fiscal decisions

MPs warn policymakers to stop using OBR as scapegoat for tough fiscal decisions

Treasury Committee report

clock 23 September 2026 • 2 min read