Back
1 Jul 2014
HSBC Flash China PMI at 50.7, significant improvement confirmed
FXStreet (Bali) - The HSBC Flash China Manufacturing Purchasing Managers’ Index (Final print) was revised down to 50.7 from 50.8 earlier in June and up from 49.4 in May.
Commenting on the Flash China Manufacturing PMI
survey, Hongbin Qu, Chief Economist, China and Co-Head of Economic Research, said: "The economy continues to show more signs of recovery, and this momentum will likely continue over the next few months, supported by stronger infrastructure investments."
"However there are still downside risks from a slowdown in the property market, which will continue to put pressure on growth in the second half of the year. We expect both fiscal and monetary policy to remain accommodative until the recovery is sustained."
Commenting on the Flash China Manufacturing PMI
survey, Hongbin Qu, Chief Economist, China and Co-Head of Economic Research, said: "The economy continues to show more signs of recovery, and this momentum will likely continue over the next few months, supported by stronger infrastructure investments."
"However there are still downside risks from a slowdown in the property market, which will continue to put pressure on growth in the second half of the year. We expect both fiscal and monetary policy to remain accommodative until the recovery is sustained."