China Manufacturing Expansion Slows: "Gradual Recovery"

China Manufacturing PMI by Month
Current Index: 50.4 (Flash Estimate)
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 Chinese economy is still on track for a gradual recovery. Despite the moderation of February’s flash PMI, the index recorded the fourth consecutive reading above the 50 critical line. The underlying strength of Chinese growth recovery remains intact, as indicated by the still expanding employment and the recent pick-up of credit growth."

China Manufacturing PMI Moving Averages
3-Months: 51.4
6-Months: 50.4
12-Months: 49.4
The PMI is a percentage - not a total.
PMI > 50.0 is expansion, PMI < 50.0 is contraction



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