BusinessMoneyMarket Snapshot

China June flash HSBC PMI at 9-month low

PUBLISHED : Thursday, 20 June, 2013, 9:52am
UPDATED : Thursday, 20 June, 2013, 9:52am
 

Activity in China’s vast manufacturing sector weakened further in June to a 9-month low as new orders faltered, a preliminary survey of purchasing managers showed on Thursday, reinforcing signs of tepid economic growth in the second quarter.

The flash HSBC Purchasing Managers’ Index fell to 48.3 in June from May’s final reading of 49.2, drifting further away from the 50-point level demarcating expansion from contraction. It was the weakest level since September.

Share

Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

Enter multiple addresses separated by commas(,)

Related topics

For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive