HONG KONG – The HSBC Flash China Manufacturing PMI has come in at 50.4 in October (50.2 in September), a three-month high, but the Manufacturing Output Index at 50.7 in October (51.3 in September) is at a five-month low. Output, new orders, new export orders and backlogs of work are all increasing, but at a slower rate, and supplier delivery times lengthening at a faster rate.
ATI Newswire - latest updates
BEIJING - Representatives of China’s State Administration of Grain have criticised the “shameful” waste every year of 35 million metric tonnes of grain because of poor storage and transportation methods (which they say wastes 27.5 million tonnes) and excessive production (which causes losses of 7.5 million tonnes). They said major grain production regions, such as Liaoning, Jilin, Heilongjiang, Henan, Hebei and Shandong provinces, lack storage buildings for approximately 35 million tons of grain.
HONG KONG – The Hong Kong Stock Exchange is to introduce its first Asia Commodities contracts – London Aluminium Mini Futures, London Zinc Mini Futures and London Copper Mini Futures – for trading on Monday, December 1, subject to market readiness. The three mini metals contracts will trade in RMB.
GENEVA - The International Air Transport Association (IATA) expects international freight volumes to increase at a compound annual growth rate of 4.1% over the next five years. Emerging economies, particularly in the Middle East and Africa, will be the fastest-growing markets.