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Chart of the day: Mainland factories lose steam

HSBC's flash purchasing managers' index for the mainland's manufacturing sector dropped to 50 from 50.4 last month, lower than Bloomberg's consensus forecast of 50.2, Daiwa Capital Markets analysts said in a report.

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HSBC's flash purchasing managers' index for the mainland's manufacturing sector dropped to 50 from 50.4 last month, lower than Bloomberg's consensus forecast of 50.2, Daiwa Capital Markets analysts said in a report. Given that the overall demand picture remains sluggish, they expect the official reading for the index due out on December 1 to come in at 50.4. The headline reading suggested a moderate contraction of industrial activities, the analysts said.

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