HSBC/Markit China PMI For April At 55.4

From the press release.

April’s PMI points to a moderate slowdown in the expansion of manufacturing activity. We see this as good news because it means that Beijing’s policy tightening is starting to cool the overheated economy, which will help to contain inflationary risk in the coming quarters.

Chart 1. China Federation of Logistics & Purchasing and National Bureau of Statistics PMI / HSBC Markit China Manufacturing PMI

Source: Bloomberg


This entry was posted on Tuesday, May 4th, 2010 at 12:21 am and is filed under China. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.


Get Adobe Flash player