23 Jun 2014
Chinese man PMI back above 50.0 – Danske Bank
FXStreet (Edinburgh) - Chief Analyst Allan von Mehren at Danske Bank noted the positive reading from today’s manufacturing PMI in China.
Key Quotes
“Chinese HSBC flash PMI increased more than expected in June rising to 50.8 (consensus 49.7) from 49.4 in May”.
“It is the highest level since October last year and gives yet more evidence that the world’s second largest economy is recovering”.
“The details were also good as the new orders index also rose further from 50.2 to 51.8”.
Key Quotes
“Chinese HSBC flash PMI increased more than expected in June rising to 50.8 (consensus 49.7) from 49.4 in May”.
“It is the highest level since October last year and gives yet more evidence that the world’s second largest economy is recovering”.
“The details were also good as the new orders index also rose further from 50.2 to 51.8”.