MANUFACTURING activity at private and export-oriented companies in China fell for the first time in seven months and HSBC’s final figure for May Purchasing Managers’ Index was worse than its flash estimate.
The PMI fell to 49.2, an eight-month low, and the final reading worsened from the preliminary flash index of 49.6, which was released two weeks ago. May’s figure also fell from 50.4 in April.
A reading below 50 means contraction.
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Wang Yanlin via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/9PuDkTl-fNg/
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