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23 Apr 2015
China flash PMI falls to 1-year low – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team reviews the Chinese HSBC Flash Manufacturing PMI release, noting that it saw a contraction for the 4th straight month.
Key Quotes
“Leading manufacturing indicators for the Far East bode a difficult start for Q2, as both advance PMIs for China and Japan showed significant deterioration.”
“In China, flash manufacturing PMI remained in contraction for the 4th straight month and also marked a 1-year low at 49.2.”
“New orders and both input and output prices decreased at a faster rate, signalling poor domestic demand and disinflationary pressures.”
“On the bright side, employment continued to decrease but at a slower rate and export orders increased.”
“Morning session was volatile, with more signs of hot money flowing into the stock market - weekly net cash flows rose for the 4th straight week to CNY781B v CNY273B w/w.”
Key Quotes
“Leading manufacturing indicators for the Far East bode a difficult start for Q2, as both advance PMIs for China and Japan showed significant deterioration.”
“In China, flash manufacturing PMI remained in contraction for the 4th straight month and also marked a 1-year low at 49.2.”
“New orders and both input and output prices decreased at a faster rate, signalling poor domestic demand and disinflationary pressures.”
“On the bright side, employment continued to decrease but at a slower rate and export orders increased.”
“Morning session was volatile, with more signs of hot money flowing into the stock market - weekly net cash flows rose for the 4th straight week to CNY781B v CNY273B w/w.”