25 Feb 2015
China HSBC flash manufacturing PMI resumes expansion – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team mentions that China experienced an expansion in the HSBC flash manufacturing PMI after facing two consecutive months of contraction.
Key Quotes
“CHINA FEB HSBC FLASH MANUFACTURING PMI: 50.1 V 49.5E (first expansion after two months of contraction)”
“China mainland market returned from a week-long holiday break to little fanfare, entering its midday break unchanged despite the surprise rebound in HSBC flash manufacturing PMI into expansion territory.”
“Note that in the past, weak PMI results have often produced rallies in expectation of more aggressive PBoC policy easing.”
“HSBC chief economist's commentary was mixed, noting firmer domestic demand but a contraction in export orders for the first time since April of last year. Input and output prices were also still in contraction, justifying continued policy support to deal with economic activity "remaining sluggish".”
“Separately in China, local press cited an official with the NDRC suggesting the govt may push forward some infrastructure projects in 2015 to promote regional development in the midwest parts of the country.”
Key Quotes
“CHINA FEB HSBC FLASH MANUFACTURING PMI: 50.1 V 49.5E (first expansion after two months of contraction)”
“China mainland market returned from a week-long holiday break to little fanfare, entering its midday break unchanged despite the surprise rebound in HSBC flash manufacturing PMI into expansion territory.”
“Note that in the past, weak PMI results have often produced rallies in expectation of more aggressive PBoC policy easing.”
“HSBC chief economist's commentary was mixed, noting firmer domestic demand but a contraction in export orders for the first time since April of last year. Input and output prices were also still in contraction, justifying continued policy support to deal with economic activity "remaining sluggish".”
“Separately in China, local press cited an official with the NDRC suggesting the govt may push forward some infrastructure projects in 2015 to promote regional development in the midwest parts of the country.”