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2 Mar 2015
Flash China Manufacturing PMI beat flash estimates in February
FXStreet (Bali) - The Flash China Manufacturing PMI for February (final read) came at 50.7 vs 50.1 flash read and 49.7 in January, with HSBC/Markit noting that it signalled the first improvement in the health of the sector since last October, albeit marginal.
Commenting on the China Manufacturing PMI™ survey, Annabel Fiddes, Economist at Markit said: “China’s manufacturing sector saw an improvement in overall operating conditions in February, with companies registering the strongest expansion of output since last summer while total new business also rose at a faster rate. However, the renewed fall in new export orders suggests that foreign demand has weakened, while manufacturers continued to cut their staff numbers (albeit fractionally). Meanwhile, marked reductions in both input and output prices indicated that deflationary pressures persist.”
Commenting on the China Manufacturing PMI™ survey, Annabel Fiddes, Economist at Markit said: “China’s manufacturing sector saw an improvement in overall operating conditions in February, with companies registering the strongest expansion of output since last summer while total new business also rose at a faster rate. However, the renewed fall in new export orders suggests that foreign demand has weakened, while manufacturers continued to cut their staff numbers (albeit fractionally). Meanwhile, marked reductions in both input and output prices indicated that deflationary pressures persist.”