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23 Apr 2015
China's HSBC Manufacturing PMI hits 12-month low
FXStreet (Bali) - China's HSBC Manufacturing PMI came in at XX in April vs 49.6 in March, representing a 12-month low.
Commenting on the Flash China Manufacturing PMI survey, Annabel Fiddes, Economist at Markit said:
“Operating conditions in China’s manufacturing sector deteriorated slightly for the second month running in April, with the flash reading of the PMI falling to a one year low."
“Production increased only marginally, while total new business declined for the second successive month. Relatively weak demand conditions were also highlighted by stronger deflationary pressures in the sector, with both input and output prices falling at faster rates. Meanwhile, job shedding across manufacturing firms was recorded for the eighteenth month in a row."
“On a brighter note, demand from overseas improved in April, with new export work rising for the first time in three months.”
Commenting on the Flash China Manufacturing PMI survey, Annabel Fiddes, Economist at Markit said:
“Operating conditions in China’s manufacturing sector deteriorated slightly for the second month running in April, with the flash reading of the PMI falling to a one year low."
“Production increased only marginally, while total new business declined for the second successive month. Relatively weak demand conditions were also highlighted by stronger deflationary pressures in the sector, with both input and output prices falling at faster rates. Meanwhile, job shedding across manufacturing firms was recorded for the eighteenth month in a row."
“On a brighter note, demand from overseas improved in April, with new export work rising for the first time in three months.”