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China: HSBC PMI Weaker than Expected, Contraction Continues
Sunday, May 4, 2014 23:50
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Econintersect: The final manufacturing PMI (Purchasing Managers’ Index) for April compiled by HSBC and reported by Markit came in lower than expected 
for April 2014 at 48.1. The preliminary (“flash”) reading ten days ago had been higher (48.3). Readings below 50 indicate contraction. The HSBC survey covers small and mid-sized mostly privately owned companies which are relatively sensitive to the export market. The official PMI compiled by the government from larger, mostly state owned companies was reported five days ago at 50.4. These companies are more effected by domestic activity and less by exports.
Source: http://econintersect.com/b2evolution/blog1.php/2014/05/05/china-hsbc-pmi-weaker-than-expected
