The HSBC China Manufacturing Purchasing Managers' Index, a gauge of
nationwide manufacturing activity, fell to a final reading of 48.9
in April from 49.6 in March, HSBC Holdings PLC said Monday.
A reading below 50 indicates a contraction in manufacturing
activity from the previous month, whereas a reading above indicates
expansion.
"China's manufacturing sector had a weak start to the second
quarter, with total new business declining at the quickest rate in
a year while production stagnated," HSBC's chief economist for
China, Qu Hongbin, said in a statement.
News out of China not good. futures down
Posted by whs956 on 3rd of May 2015 at 10:26 pm
The HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, fell to a final reading of 48.9 in April from 49.6 in March, HSBC Holdings PLC said Monday.
A reading below 50 indicates a contraction in manufacturing activity from the previous month, whereas a reading above indicates expansion.
"China's manufacturing sector had a weak start to the second quarter, with total new business declining at the quickest rate in a year while production stagnated," HSBC's chief economist for China, Qu Hongbin, said in a statement.
There's been bad Chinese economic
Posted by a_l_ on 4th of May 2015 at 10:09 am
There's been bad Chinese economic data most of the way up. Expectations of Chinese stimulus in response seems to be the driver.