Today was released the monthly review on China’s PMI by Markit Economics and HSBC, here are the highlights of the report.
• Flash China Manufacturing PMI™ at 49.8 in January (49.6 in December). Two-month high.
• Flash China Manufacturing Output Index at 50.1 in January (49.9 in December). Three month high.
Data collected 12–21 January 2015
Hongbin Qu Chief Economist, china & and Co Head of Asian Economic research at HSBC said:
” The HSBC China Manufacturing PMI rose to 49.8 in the flash reading for January, up to 49.6 in December. Domestic demand improve marginally while external demand remained solid. the labour market weakened an prices fell further. Today’s data suggest that the manufacturing slowdown is still ongoing amidst weak domestic demand. More monetary and fiscal easing measures will be needed to support growth in the upcoming months”.