25 Feb 2015
HSBC China PMI hits 4-month high
FXStreet (Bali) - Activity in China's manufacturing sector hit a 4-month high in February despite export orders were down to its faster level in 20 months, the flash HSBC/Markit PMI shows, coming at 50.1 vs 49.5 and 49.7 last.
Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & CoHead of Asian Economic Research at HSBC said: “The HSBC China Manufacturing PMI improved slightly to 50.1 in the flash reading for February, up from 49.7 in January. Domestic demand firmed while new export orders contracted for the first time since April 2014. Both input and output prices remain in contraction."
"Today's data point to a marginal improvement in the Chinese manufacturing sector going into the Chinese New Year period in February. However, domestic economic activity is likely to remain sluggish and external demand looks uncertain. We believe more policy easing is still warranted at the current stage to support growth", Qu said.
Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & CoHead of Asian Economic Research at HSBC said: “The HSBC China Manufacturing PMI improved slightly to 50.1 in the flash reading for February, up from 49.7 in January. Domestic demand firmed while new export orders contracted for the first time since April 2014. Both input and output prices remain in contraction."
"Today's data point to a marginal improvement in the Chinese manufacturing sector going into the Chinese New Year period in February. However, domestic economic activity is likely to remain sluggish and external demand looks uncertain. We believe more policy easing is still warranted at the current stage to support growth", Qu said.