Tuesday 24 July 2012

CHINA: HSBC’S PMI

Business Spectator

CORRECTED CHINA RESETS FOR NEXT CHAPTER

Stephen Bartholomeusz

Business Spectator, July 24, 2012

HSBC’s flash China manufacturing Purchasing Managers’ Index has provided the first tentative signs that the increasingly intense efforts by China’s authorities to arrest the slowdown in their economy may be starting to get some traction.

Coming a week before the official PMI numbers are released, the HSBC index provides an early indication of manufacturing sector conditions in China. In July the index was at a five-month high, rising from 48.2 in June to 49.5.

While an index reading of anything below 50 says the rate of growth in the sector is still falling, the latest result would suggest that the rate of that contraction has slowed significantly. HSBC’s chief economist, China, Hongbin Qu, said the result implied demand was still weak and employment was under increasing pressure.

(...) [artículo aquí]

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