China’s manufacturing PMI falls to 11-month low

The HSBC Flash China Manufacturing PMI for March fell to 49.2, compared with 50.7 in February, according to the survey by HSBC and financial data provider Markit, published on Tuesday. March figure slipped below the 50 level which separates expansion from contraction compared with the previous month when PMI climbed to its strongest level since July. READ MORE: China manufacturing PMI hits 4-month high in February but exports dive The weaker than expected Chinese PMI shows employment and prices are all softening in the manufacturing sector and suggests the 2014 fourth-quarter weakness in the world’s second largest economy is extending into the beginning of the new year. “The HSBC Flash China Manufacturing PMI signaled a slight deterioration in the health of China’s manufacturing sector in March…

Read more
1 2