Wednesday, March 6, 2013

China Manufacturing Slows: "Pace of recovery is mild"

China Manufacturing PMI by Month
Current Index: 50.4
Chart High: 54.5 (January 2011)
Chart Low: 47.6 (August 2012)
The PMI is a percentage - not a total.
PMI > 50.0 is expansion, PMI < 50.0 is contraction

Commenting on the China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC said: "The final February HSBC manufacturing PMI suggests a slower pace of expansion. But China's recovery continues on improving domestic demand conditions and the labour market. The pace of ongoing recovery is mild, implying no need for the PBoC to tighten policy any time soon."


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