Back
1 Apr 2015
China HSBC PMI revised higher in March
FXStreet (Bali) - China HSBC Manufacturing PMI was revised higher to 49.6 in March vs 49.2 flash and previous 50.7.
Comments by Annabel Fiddes, Economist at Markit
“The HSBC China Manufacturing PMI fell back below the neutral 50.0 mark at 49.6 in March, as the sector continues to struggle to gain growth traction."
"The latest data indicate that domestic and foreign demand remains subdued amid weaker market conditions, which dampened output growth as a result."
"Meanwhile, company downsizing policies contributed to a further decline in manufacturing employment, with the pace of job shedding the strongest since last summer."
"Despite the sustained fall in cost burdens, any savings were generally passed on to clients as part of attempts to attract new business, suggesting a further squeeze on profit margins.”
Comments by Annabel Fiddes, Economist at Markit
“The HSBC China Manufacturing PMI fell back below the neutral 50.0 mark at 49.6 in March, as the sector continues to struggle to gain growth traction."
"The latest data indicate that domestic and foreign demand remains subdued amid weaker market conditions, which dampened output growth as a result."
"Meanwhile, company downsizing policies contributed to a further decline in manufacturing employment, with the pace of job shedding the strongest since last summer."
"Despite the sustained fall in cost burdens, any savings were generally passed on to clients as part of attempts to attract new business, suggesting a further squeeze on profit margins.”