6 Jan 2015
Hong Kong, China and Japan PMIs improve – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team notes that Asia saw some relief in the form of improving PMIs, with Hong Kong PMI expanding for the first time in 5months.
Key Quotes
“In spite the broad-based equity selloff, there was some silver lining in the form of improving PMI figures. Hong Kong PMI returned to expansion for the first time in 5 months, as "private sector new orders returning to growth after seven consecutive months”."
“China services PMI hit a 3-month high, with composite marking 8th month of expansion, as HSBC economist cited employment index improving modestly.”
“Lastly, Japan services PMI of 51.7 was up from 50.6, and Markit economists also noted some employment growth despite subdued demand conditions.”
Key Quotes
“In spite the broad-based equity selloff, there was some silver lining in the form of improving PMI figures. Hong Kong PMI returned to expansion for the first time in 5 months, as "private sector new orders returning to growth after seven consecutive months”."
“China services PMI hit a 3-month high, with composite marking 8th month of expansion, as HSBC economist cited employment index improving modestly.”
“Lastly, Japan services PMI of 51.7 was up from 50.6, and Markit economists also noted some employment growth despite subdued demand conditions.”