24 Mar 2015
China HSBC PMI at 11-month low in March
FXStreet (Bali) - China HSBC Manufacturing PMI registered at 49.2 in March, way below expectations of 50.5, representing an 11-month low.
Annabel Fiddes, Economist at Markit said: “The HSBC Flash China Manufacturing PMI signalled a slight deterioration in the health of China’s manufacturing sector in March. A renewed fall in total new business contributed to a weaker expansion of output, while companies continued to trim their workforce numbers."
"Meanwhile, manufacturing companies continued to benefit from falling input costs, stemming from the recent global oil price decline. However, relatively muted client demand has led firms to pass on savings in a bid to boost new work, and cut their selling prices at a similarly sharp rate”, Fiddes added.
Annabel Fiddes, Economist at Markit said: “The HSBC Flash China Manufacturing PMI signalled a slight deterioration in the health of China’s manufacturing sector in March. A renewed fall in total new business contributed to a weaker expansion of output, while companies continued to trim their workforce numbers."
"Meanwhile, manufacturing companies continued to benefit from falling input costs, stemming from the recent global oil price decline. However, relatively muted client demand has led firms to pass on savings in a bid to boost new work, and cut their selling prices at a similarly sharp rate”, Fiddes added.