Economic Buzz: HSBC flash China manufacturing index edges higher
HSBC said Wednesday the the initial "flash" estimate for its February survey of Chinese manufacturing rose from January's level but remained slightly in contractionary territory. The flash reading of the manufacturing Purchasing Managers' Index rose to 49.7 from a final print of 48.8 the previous month. The result remained just below the 50-point level that separates growth from contraction. The flash estimate generally includes the initial 85%-90% of total responses to the HSBC manufacturing survey. The final version, along with the results of a separate, government-sponsored manufacturing PMI survey, are due out March 1.
Source: Capital Market
Tags : China | manufacturing index |
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