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HSBC’s China Flash PMI down to 9-Month Low
Thursday, August 23, 2012 19:30
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Manufacturing continues to slow in China this month. HSBC released its Flash Manufacturing Purchasing Managers Index figures today. It dipped below the 50 mark point to a nine month low.
This is the third month straight that the PMI index, which measures inventory and export orders, has contracted.
Markit Economics, a global information services company, says this shows that, (quote) “Chinese producers are still struggling with strong global headwinds.” …. NTDTV
2012-08-23 19:20:26
Source: http://luismmx.blogspot.com/2012/08/hsbcs-china-flash-pmi-down-to-9-month.html
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