Activity in China’s manufacturing industry has, in February, an absolute record low is reached by the end of the corona virus, reports Reuters news agency on Saturday.
An important measure of the Chinese industry, The so-called purchasing managers index, fell last month to 35,7, compared to 50 in January. Any number below fifty indicates a contraction, above fifty, there is the issue of growth.
Analysts had expected the index of 46.0, it would end up. A score of around 35.7 since the global financial crisis has not been the case, and even then it was to score 38.8 points a whole lot better.
China’s hopes that the march of a large part of the businesses mainly operate in. There are a lot of workers are required in the home, and to keep the companies close their doors due to the outbreak of the corona virus.
the Number of new infections in the country to take off,
At the beginning of February, the virus will still be thousands of new infections every day across the country. This week, there were each and every day is just a few of the hundreds of new patients, and almost all of them in one region of the Chinese province of Hubei.
The data provide an initial view of how the corona virus, the Chinese economy is going to bother in the first quarter of the year. The Chinese president, Xi Jinping, has repeatedly said that the economic hit is taken into account, and that the economy get back on as the virus outbreak is under control.
