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23 Jun 2015
HSBC Flash China manufacturing PMI beats expectations in June – at 3-month high
FXStreet (Mumbai) - The HSBC flash China Manufacturing PMI complied Markit came in a touch better than estimates, stabilizing in June as new orders improved slightly. The sector has been mostly in contraction for the last four years.
The flash HSBC-Markit Chinese Manufacturing Purchasing Managers' Index (PMI) rose to 49.6 in June from May’s final reading of 49.2, where a figure below 50 signals a contraction in activity, while a reading above 50 signals expansion. However, the figures came in slightly better than markets expectations of the index to read 49.4 in June.
Total factory output showed no change in June after falling in May, while new orders increased, and new export orders declined at a slower pace. Employment deteriorated further in June, and price pressures remained subdued.
The flash HSBC-Markit Chinese Manufacturing Purchasing Managers' Index (PMI) rose to 49.6 in June from May’s final reading of 49.2, where a figure below 50 signals a contraction in activity, while a reading above 50 signals expansion. However, the figures came in slightly better than markets expectations of the index to read 49.4 in June.
Total factory output showed no change in June after falling in May, while new orders increased, and new export orders declined at a slower pace. Employment deteriorated further in June, and price pressures remained subdued.