ECONOMICS COMMENTARY
Apr 23, 2013
Fall in China flash PMI signals near stagnation of manufacturing economy
The HSBC Manufacturing PMI fell from 51.6 in March to 50.5 in April, according to the flash estimate produced by Markit, only a shade higher than February's four-month low of 50.4. The above-50 reading means manufacturing conditions have now improved for six successive months but that the rate of expansion at the start of the second quarter slowed to near-stagnation.
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