Manufacturing Industry Accounts News

Chinese Manufacturing Expansion Affects Shipping Demand

The expansion of the Chinese Manufacturing Industry continued in September at unchanged pace as compared to the month before, BIMCO reports. The manufacturing industry accounts for around 1/3 of the Chinese economy and is a relevant indicator to watch out for in the shipping industry. What goes on in the manufacturing sector affects demand for container shipping and dry bulk shipping primarily. China Manufacturing PMI is a leading indicator for economic activity and development in GDP.