24 Mar 2015
Chinese PMI extended the drop – Danske Bank
FXStreet (Edinburgh) - Chief Analyst at Danske Bank Allan von Mehren reviewed the recent PMI release in the Chinese economy.
Key Quotes
“Chinese HSBC PMI manufacturing fell more than expected, dropping to 49.2 in March (consensus 50.5) from 50.7 in February”.
“It was the lowest level since April last year. The details were also weak as the new orders index dropped from 50.4 to 49.3”.
“The data have weighed a bit on risk sentiment overnight. Japanese Flash PMI manufacturing also fell more than expected to 50.4 (consensus 52.0) from 51.6”.
Key Quotes
“Chinese HSBC PMI manufacturing fell more than expected, dropping to 49.2 in March (consensus 50.5) from 50.7 in February”.
“It was the lowest level since April last year. The details were also weak as the new orders index dropped from 50.4 to 49.3”.
“The data have weighed a bit on risk sentiment overnight. Japanese Flash PMI manufacturing also fell more than expected to 50.4 (consensus 52.0) from 51.6”.