Saturday, January 5, 2013

China Services Sector Expands

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China Manufacturing PMI, Services NMI, and Composite PMI by Month
PMI > 50.0 is expansion, PMI < 50.0 is contraction

Hongbin Qu, Chief Economist, China Co-Head of Asian Economic Research at HSBC, said: "Despite the moderation of December’s headline services PMI, the underlying strength of services sectors improved in terms of stronger new business flows and employment growth. This, plus the further pick-up of manufacturing growth, suggests that China is on track for achieving around 8% y-o-y GDP growth recovery in 4Q".


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